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Hip Suits: Artificial hips made by Johnson & Johnson’s DePuy Orthopaedics unit are the subject of about 1,000 lawsuits claiming J&J knew about problems with some of the metal-on-metal joint replacements before it ceased their production in 2009, the WSJ reports. A Wells Fargo analyst says J&J stands to lose more than $1 billion in liability and other costs; J&J says it boosted its product-liability reserves by $570 million last year and has also set aside $280 million to cover medical costs of people who received the joints and experienced problems. Last year the company recalled the joints that remained on the market.

 

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