Zimmer Settlement Fund: How Much is Left?
Zimmer Inc. has reached Zimmer hip lawsuit settlements with a number of plaintiffs who filed suit over the company’s Durom Cup, a hip replacement device connected to a high rate of complications. To pay for the settlements, Zimmer established a settlement fund that grew from $47.5 million in 2008 to nearly $145 million last year.
Plaintiffs wonder about Zimmer hip lawsuit settlements
Plaintiffs and others fitted with the Durom Cup have expressed interest in knowing how much remains in the fund to cover Zimmer hip lawsuit settlements. While we have no precise answer to the question, we have an answer that shouldn’t disappoint Durom Cup recipients thinking about consulting with a Zimmer hip lawyer.
Because settlements are confidential, there is virtually no legal way of determining how much has been paid out in Zimmer hip lawsuit settlements. More so, it is unclear exactly how many plaintiffs have reached Zimmer hip lawsuit settlements through their Zimmer hip lawyer.
Zimmer hip litigation consolidated in New Jersey
When Durom Cup litigation was consolidated in a New Jersey court last year, more than 50 plaintiffs were involved. The litigation grew from there to include many more plaintiffs, and the litigation continues to grow today. Theoretically, more than 12,000 plaintiffs could join the litigation as there were that many Americans fitted with the Durom Cup when the device was temporarily pulled from the market in 2008.
The fact is, there is no restriction on the amount of money Zimmer Inc. will be required to set aside in order to compensate plaintiffs. The value of the settlement fund is dependent on the number of plaintiffs involved and the scope of injuries incurred due to the Durom Cup.
Plaintiffs with serious injuries such as dislocation and other complications that result in revision may be eligible for larger Zimmer hip lawsuit settlement than plaintiffs who develop less severe complications. All signs point to single Zimmer hip lawsuit settlements being valued at between $50,000 to $1 million or more.
Today, pretrial litigation is proceeding in a New Jersey court, where a Zimmer hip lawyer may soon begin taking depositions, as per an order issued by presiding Judge Madeline Cox Arleo. On June 29, defendants and plaintiffs will meet before Judge Arleo in a Durom Cup litigation status conference. The first Durom Cup trial could begin later this year or in 2012.