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Austin, Texas-based Sulzer Orthopedics Inc. has agreed to pay $1 billion to settle thousands of lawsuits brought by patients who received faulty hip and knee replacements. Finalization of the settlement, announced Saturday, is pending a May 14 federal court hearing. A U.S. subsidiary of the Swiss company Sulzer Medica, Sulzer Orthopedics says it avoided potential bankruptcy by settling the cases.
February 04, 2002 at 12:00 AM
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The original version of this story was published on Law.Com
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