California Jury Says J&J (JNJ) Defectively Designed ASR Hip Device

March 8, 2013 12:46 PM EST
Johnson & Johnson (NYSE: JNJ) defectively designed ASR hip device, California jury says. The company recalled 93,000 ASR hips in August 2010 after failures.

This was the first trial of 10,750 lawsuits filed over the ASR hip device.

UPDATE - J&J will pay $8.3 million in damages.

Shares of J&J are up 0.4 percent.

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