Johnson & Johnson (JNJ) has agreed to pay $4 billion to settle more than 7,500 lawsuits over the company's recalled hip-implant products, Bloomberg News reported Tuesday, citing three people familiar with the agreement.
The settlement will be announced next week, Bloomberg reported.
Full story at: www.bloomberg.com/news/2013-11-12/j-j-said-to-reach-4-billion-deal-to-settle-hip- awsuits.html
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(END) Dow Jones Newswires
November 12, 2013 17:15 ET (22:15 GMT)Copyright (c) 2013 Dow Jones & Company, Inc.
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