Johnson & Johnson may face up to $1 billion in lawsuits, analysts say
July 11, 2011 by MassDevice staff
Johnson & Johnson may be on the hook for $1 billion in liability and other costs associated with allegations that its subsidiary Depuy Orthopaedics sold metal-on-metal hip replacement systems that it knew to be faulty.
MASSDEVICE ON CALL — Johnson & Johnson (NYSE:JNJ) could shell out up to $1 billion for lawsuits concerning its subsidiary DePuy Orthopaedics and the metal-on-metal hip implants that were found to shed minute metal particles into a patient's bloodstream over time.
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