Stryker settles hip implants lawsuit

(Reuters) - Orthopedics company Stryker Corp said its settled a compensation lawsuit related to its hip implant, and said it did not expect the settlement to hurt its profit. The company said it expected to pay out a majority of the settlement by the end of 2015. Stryker will provide a base payment of $300,000 to patients who received the implant and underwent revision surgery by Nov. 3, to remove and replace the devices, plaintiffs’ counsel Wendy Fleishman from Lieff Cabraser Heimann & Bernstein LLP said in a statement. ...



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