Johnson & Johnson has agreed to pay more than $4 billion to settle lawsuits over its recalled metal hip implants. Why is this such a big deal?
According to Reuters, J&J is expecting to resolve more than 7,500 lawsuits against the company's DePuy orthopedics unit in both state and federal courts. Those lawsuits were brought by plaintiffs who have "already had the defective devices removed."
What does this proposed settlement hold for similar implant cases?