Johnson & Johnson Negotiating Possible $2 Billion Implant Settlement-Reuters

Reuters reported that according to Bloomberg Johnson & Johnson (J&J) is negotiating a potential $2 billion settlement with patients who received its recalled artificial hip implant. J&J has offered to pay more than $200,000 per case, a deal that could top $2 billion if most plaintiffs accept the terms, but lawyers for the hip recipients have so far rejected the offer as too low, the sources said. The settlement talks are likely to continue at least until the first trials of lawsuits over the product start next week.