Medical device maker Stryker Corp. says it expects to pay up to $1.1 billion to settle personal injury lawsuits stemming from a 2012 recall of two of the company’s metal hip implants. The amount is more than twice what the company previously estimated it would have to pay to resolve the lawsuits. In July 2012, Stryker recalled its Rejuvenate and ABG II modular-neck stems because of concerns that the devices could fret or corrode inside the body, which could damage surrounding tissue and cause pain and inflammation. Last July the company in a securities filing said it estimated the costs ... Read More
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