Medical device company Biomet Inc. has agreed to pay at least $56 million to settle multidistrict litigation (MDL) in Indiana federal court claiming its metal-on-metal hip replacement devices were defective. MDLs are special federal legal procedures designed to speed up the process of handling complex cases, such as product liability lawsuits. Biomet disputes the fact that its devices caused people harm, however it agreed to set aside the money for MDL plaintiffs who qualify. The agreement resolves the MDL, which it has been fighting since October 2012. Plaintiffs in the MDL who received either the Biomet M2a-38 or M2a-Magnum hip ... Read More
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