Judge cautions that unscrupulous attorneys may exploit J&J hip settlement

Unscrupulous attorneys may exploit Johnson & Johnson's ($JNJ) offer to pay $2.5 billion-plus to settle thousands of lawsuits alleging it sold faulty metal hip implants, a New Jersey judge warned. Bloomberg reported that Superior Court Judge Brian Martinotti, who oversees several hundred of the hip lawsuit cases, cautioned about "rogue" attorney websites run by lawyers seeking to exploit the agreement. He noted that www.usasrhipsettlement.com should be considered the sole reliable website that outlines the pact and its details, according to the story. At the same time, he termed the agreement itself as both a "creative" and "unique" solution. For the settlement to become final, 94% of eligible plaintiffs must sign on by April 1. J&J also retains the right to step away from the deal by June 1, Bloomberg said. Story

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