These Lawsuits Could Cost Johnson & Johnson Over $6 Billion
Total Cost For Talc Related Lawsuits = A x B
Talc Related Lawsuits (A)
Approx Settlement Cost Per Talc Lawsuit (B)
Total cost to settle talc related lawsuits could be around $4.0 billion. The $4 billion estimated figure is a product of number of talc related lawsuits, and average settlement cost per lawsuit.
There are close to 14,000 talc related lawsuits filed against the company.
The settlement could cost the company an average of $280,000 per case.
Total Cost For Hip-Plant Related Lawsuits = A x B
Hip-Plant Related Lawsuits (A)
Approx Settlement Cost Per Lawsuit (B)
Total cost to settle hip-plant related lawsuits could be over $1.0 billion. The $1 billion estimated figure is a product of number of hip-plant related lawsuits, and average settlement cost per lawsuit.
There are close to 6,000 hip-plant related lawsuits filed against the company.
The company has agreed to pay $1 billion to settle 95% of the lawsuits.
The settlement cost would translate into an average of $180,000 per case.
Total Cost For Artifical Hip Related Lawsuits = A x B
Artificial Hips Related Lawsuits (A)
Approx Settlement Cost Per Artificial Hip Lawsuit (B)
Total cost to settle artificial hips related lawsuits could be over $800 million. The $800 million estimated figure is a product of number of artificial hip related lawsuits, and average settlement cost per lawsuit.
There are close to 4,500 artificial related lawsuits filed against the company.
We use the same average settlement cost as is in the case of hip-related lawsuits, i.e. an average of $180,000 per case.
Total Cost For Xarelto Related Lawsuits = A x B
Xarelto Related Lawsuits (A)
Approx Settlement Cost Per Xarelto Lawsuit (B)
Total cost to settle Xarelto related lawsuits is $775 million.The $ 775 million figure is a product of number of Xarelto related lawsuits, and average settlement cost per lawsuit.
There are close to 25,000 Xarelto related lawsuits filed against the company.
The company, along with Bayer, has agreed to pay $775 billion to settle all of the lawsuits. This will be equally borne by J&J and Bayer.
The settlement cost would translate into an average of
$31,000 per case.