At a late afternoon court conference on November 3, 2014, New Jersey Judge Brian Martinotti announced that a global settlement was reached in the Stryker Rejuvenate/ABG II Modular Hip Implant Litigation. Stryker has set aside $1.425 billion to settle the claims against it related to the failure of these hip implant systems.
Per the terms of the Master Settlement Agreement, plaintiffs and claimants who had a "Qualified Revision Surgery" before November 3, 2014 can enroll in the settlement program. The base award for a qualified claimant who underwent revision surgery is $300,000 subject to a possible reduction for age. In addition, in certain circumstances a plaintiff may be eligible to apply for an enhanced award. Stryker retains the right to exercise walk away rights by June 15, 2015 if a 95% participation rate is not met. For more information on the settlement and to read the Master Settlement Agreement, please go to http://www.strykermodularhipsettlement.com/.
Faraci Lange represents several clients that were forced to undergo revision surgery to remove their defective Stryker Rejuvenate or ABG II hip implants. If you received a Stryker Rejuvenate or ABG II implant, please contact us to discuss your legal rights.