Anapol Schwartz partner Thomas Anapol reached a global settlement agreement with Biomet Inc. this week in the M2a Magnum metal-on-metal hip implant multidistrict litigation (MDL), along with Co-Lead Counsel Mark Lanier, on behalf of all claimants filed in the MDL.
Biomet has agreed to pay a $200,000 base award to people who needed surgery to replace their metal hip implant. Plaintiffs and Biomet can seek enhanced and reduced awards for good cause through mediation.
The settlement agreement, preliminarily approved by Judge Robert L. Miller Jr., extends to all pending cases in the MDL as well as future cases filed in federal court on or before April 15, 2014.
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