Thornton Law Firm Blog

Stryker Takes $161M Charge Against Hip Implant Lawsuits

Stryker Takes $161M Charge Against Hip Implant Lawsuits

Stryker Corp., the manufacturer of the recalled Rejuvenate and ABG II Modular Neck hip systems, announced this month that it is taking a $161 million dollar charge against its 2nd quarter earnings relating to the recall. Despite taking this charge, Stryker still reported making a $215 million dollar profit in the 2nd quarter on revenue of $2.35 billion.

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Ruling: Takeda Destroyed Documents In Actos Bladder Cancer Cases

Ruling: Takeda Destroyed Documents In Actos Bladder Cancer Cases

Takeda Pharmaceuticals, the maker of diabetes drug Actos (generic name pioglitazone), intentionally destroyed and deleted key documents that would have helped plaintiffs in their bladder cancer lawsuits pending against the company, according to the federal judge overseeing the litigation. Judge Rebecca Doherty ruled that Takeda destroyed relevant documents, intentionally deleted documents in bad faith with knowledge of its legal duty to preserve them, and the absence of those documents was and is prejudicial to plaintiffs.

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