Johnson & Johnson ($JNJ) is facing allegations that the company, in an effort to preserve billions in profit, ignored overwhelming evidence that its Pinnacle hip implants were dangerous. A Montana woman brought her case to a Dallas, TX, federal court, with closing arguments heard on Oct. 20. She was suing after the device leaked cobalt and chromium material into her bloodstream, causing an infection that required surgical removal. The case brought against the company is the first of more than 6,000 to come regarding the device. A 9-person jury began deliberations yesterday. If found guilty of fraud or acting with malice in its design or handling of the implants, J&J could face a punitive damages judgment. More