Stryker Hip Lawsuit Settlement Loans
If you’re in a Stryker Hip recall class action lawsuit and are short on cash, settlement loans and lawsuit funding can help while you wait for your case to settle. Unlike traditional lending avenues, Stryker hip settlement loans get you the cash you need against your pending class-action lawsuit. Instead of having to wait months or years for a case to settle, lawsuit funding allows plaintiffs to experience financial relief during litigation.
No matter how secure your claim against the Stryker corporation, pursuing and retrieving the reward will likely take years. This is a reality all plaintiffs must face, especially when considering the complexity and legal gridlock that comes with multidistrict litigation. Fortunately, victims of the Stryker hip implant recall can find monetary relief by applying for a lawsuit cash advance with an experienced lawsuit funding company.
Stryker Hip Replacement Rejuvenate and ABG II Modular-Neck Hip Stems
Stryker Orthopedics is a multi-billion dollar medical device manufacturer. Ever since its inception in 1998, it has served millions of patients with its medical device products. While all of their medical devices were marketed as beneficial, some proved to be harmful and led to class action medical device litigation. An example of this would be when Stryker began marketing and selling Rejuvenate hip system in 2009 and the ABG II in 2010. Rejuvenate and ABG II modular hip systems proved to be faulty due to a lack of clinical testing prior to the releases of both products.
The lack of testing resulted in the production of faulty and defective hip systems that caused pain and suffering to thousands of patients who were implanted with the devices produced by Stryker Corporation. The severity of the injuries caused many patients to suffer lost wages due to their inability to work. This is why Stryker hip implant lawsuit funding is so vital in the class action process.
Prior to the production of both of these modular hip and knee systems, health regulators and physicians warned about the dangers of metal-on-metal devices that would often release micro metallic particles into a patient’s bloodstream. While the ABG II and Rejuvenate modular-neck hip systems are not necessarily metal-on-metal, they were still found to be harmful. The chromium and cobalt materials that are used to produce both products have proven to be harmful when rubbed against the titanium-coated stems that make up the lower part of both modules. When introduced to nearby tissue and certain parts of the bloodstream, this concoction of materials proved to cause harm to the patients who were implanted with the device. Settlement loans for such multidistrict Stryker hip revision surgery lawsuits are essential to combat the suffering of these patients.
Lawsuit Funding for Stryker Hip Class Action Cases
In April 2012, the Stryker Corporation issued an “Urgent Safety Alert” to surgeons and hospitals who implanted the ABGII or Rejuvenate hip replacement systems to their patients. The following warnings were brought to the public’s attention by Stryker themselves, which in its own right warrants clear liability and negligence on the part of Stryker Corporation. Their alert read that “excessive metal debris and or ion generation” was the key factor in what harmed many patients. The side-effects of such a problem resulted in the following complications:
- Metal ions entering into soft and hard tissue and the blood stream. This process is known in the medical community as metallosis.
- Premature and early death of skin and muscle tissue, also known as Necrosis.
- Severe and debilitating pain in the hip region due to the loosening of the implant during revision surgery.
- The breaking down of bone, also known as bone dissolution or osteolysis.
Unfortunately, the alert provided by Stryker was too little too late. By the time they issued the warning above many patients already suffered severe damages and bodily injuries. This subsequently led to a New Jersey multicounty litigation (MCL) via Superior Court Judge Brian Martinotti who is presiding over the situation. There is also multidistrict litigation against Stryker Corporation in the state of Minnesota. Nearly 1,700 lawsuits have been filed in the state and more are expected to come in the future. United States District Judge Donovan Frank is handling legislation for cases pertaining to both the Rejuvenate and ABG II devices.
Hip Implant Recall Lawsuit Cash Advance
If you’ve been injured due to a Stryker Hip Implant, it’s your right to pursue monetary compensation for your pain and suffering. The first step in doing is so is hiring an attorney. Stryker has admitted fault by offering minimum lump-sum payments of $300,000 to patients that were implanted with either Rejuvenate or ABG II modular systems. This mainly applies to patients who underwent revision surgery on or before November 3, 2014. Those that received revision surgery afterward may also be qualified for settlement payouts.
Even though Stryker Corporation has agreed to settlement payouts in the sum of over three billion dollars, the time in which one can retrieve compensation can be very long. Generally, class action lawsuits of this size can take time to unfold until payments are issued. This presents a harsh financial reality to plaintiffs awaiting payment, as medical bills and other living expenses pile up. If you find yourself struggling financially while you wait for your Strkyer settlement, reaching out to a professional lawsuit funding company can help.
Benefits of Hip Recall Settlement Funding
A Stryker lawsuit funding company like Nova Legal Funding can get you the cash you need until your case is settled. Also known as a lawsuit cash advance or lawsuit loan, settlement funding can help you in your time of need. Applying with Nova Legal Funding is easy and simple. All the information you need to provide is your name, number, and your attorney’s contact information. NLF has helped thousands of Stryker Hip Recall victims regain financial control by providing settlement loans to those in need. Pay nothing until, and if, you receive your full compensation payout from Stryker Corporation.
Apply online or call (866)670-6131 for a free consultation and a risk-free application over the phone today!