Thornton Law Firm Blog

Stryker Takes $161M Charge Against Hip Implant Lawsuits

Stryker Takes $161M Charge Against Hip Implant Lawsuits

Stryker Corp., the manufacturer of the recalled Rejuvenate and ABG II Modular Neck hip systems, announced this month that it is taking a $161 million dollar charge against its 2nd quarter earnings relating to the recall. Despite taking this charge, Stryker still reported making a $215 million dollar profit in the 2nd quarter on revenue of $2.35 billion.

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