Company Agrees to Pay $56 Million in Federal Biomet Hip Lawsuit Settlement
The makers of a Biomet hip replacement allegedly associated with metallosis and other premature failure complications have agreed to pay more than $56 million to settle a multidistrict lawsuit filed in Indiana federal court, Reuters.com reports.
According to an article posted on February 3rd, Biomet Inc.’s recent agreement may involve hundreds of individuals who received its M2a Magnum metal-on-metal hip replacement and have since filed claims in a multidistrict litigation pending in the U.S. District Court, Northern District of Indiana.
At the time of the proceeding’s most recent Case List update on January 15, court documents indicate that a total of 953 Biomet hip lawsuits had been filed on behalf of individuals who claim to have suffered symptoms associated with metallosis, as well as chronic pain, immobility and the need for revision surgery stemming from premature device failure. Plaintiffs blame the M2a Magnum’s metal-on-metal design for the above complications, which may put patients at risk for injuries associated with the accumulation of metal ions in the tissue and bloodstream. According to court documents, the federal Biomet hip lawsuit litigation has been underway since October 2012.
Biomet Hip Lawsuit Settlement Involves M2a Magnum, M2a 38 Implant
According to Reuters.com, plaintiffs eligible to participate in the Biomet Inc. settlement must have been implanted with its M2a Magnum hip or M2a 38 as part an initial replacement procedure, and had it replaced after 180 days. These individuals will receive a base compensation award of $200,000. As part of the agreement, Biomet will deposit $50 million into an escrow account and another $6 million into an attorney fee fund, the article states.
Despite having reached an agreement over the M2a 38 and M2a Magnum devices, however, Biomet continues to defend their safety.
“Plaintiffs and Biomet are mindful of the uncertainties engendered by litigation and are desirous of settling and compromising their differences by entering into this settlement agreement,” according to an Order indicating that the Biomet metal-on-metal hip settlement had been reached.
Did You Receive the Biomet M2a Magnum Hip? Learn How to File a Lawsuit.
At Bernstein Liebhard LLP, our lawyers are standing by to answer any questions you have regarding the recent Biomet hip replacement settlement, and whether you may be eligible to file a lawsuit over the M2a Magnum hip. Call the Firm today at (877) 779-1414.