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A California jury has awarded Loren "Bill" Kransky $8.3 million in what could be the first of thousands of verdicts against Johnson & Johnson (J&J) for injuries caused by a metal hip inplant, developed by the company's DePuy unit.
Jurors found that the health care products company was negligent in designing the ASR hip implant. Kransky's award includes $338,136 for his medical bills and $8 million for his physical pain and mental suffering, reports Bloomberg.
Kransky's lawyers had also sought $179 million in punitive damages. However, jurors found that J&J did properly warn consumers of the dangers with the hip implant, and did not award any punitive damages.
Some notable highlights from this decision include:
As for the future of J&J, some may wonder whether this lawsuit may bankrupt the company. The answer to that may depend upon how the other cases are resolved and whether punitive damages are awarded. The company is worth roughly $200 billion; it has set aside about $1 billion to help cover the cost of these lawsuits, The Associated Press reports.