June 18, 2015 - As one of the many consumers harmed by a Stryker Rejuvenate or ABGII hip implant device, you may have heard of the proposed Stryker hip settlement. Under this settlement you could receive Stryker hip monetary compensation for your injuries. Under the current Stryker hip settlement, you could be entitled not only to the Stryker hip settlement base award, but to Stryker hip settlement enhancements as well. Recipients of a Stryker hip implant who have sustained injuries from the device may question whether it would be more financially advantageous to represent themselves or hire an attorney for the Stryker hip settlement. If you have wondered whether you could potentially receive more money from your Stryker hip implant injuries by representing yourself, there are a number of important issues to consider.
Deciphering the Stryker Hip Settlement Agreement
The Stryker Hip Settlement Agreement dated November 3, 2014, is an 89-page document with exhibits. Perhaps you have the necessary time and legal background to make it possible for you to read through and understand this legal document. Your final settlement amount hinges on not only understanding the document but being able to accurately determine which enhancements or reductions may apply in your specific case, then ensuring your claim packet is properly completed and submitted. Product liability cases are very different from other types of personal injury cases in that they require extra time, effort, study and analysis. Simply because many of the Stryker injury cases are down to the settlement phase does not mean that extensive legal skills, experience and knowledge are not just as important now as they were in the beginning.
Enhancements to the Stryker Hip Settlement Agreement Could Be Substantial
While Stryker has agreed to a settlement which will pay a base award of “Three hundred thousand dollars ($300,000) for each revised hip, subject to any applicable reductions or limitations,” the enhancements available under this settlement could potentially add as much as $500,000 to your base award. If you do not know which enhancements apply in your case, you could lose out on the extra money available. Further, Section 7.1.4.1 of the Stryker settlement agreement states that unrepresented claimants will have their base award reduced by twenty-nine percent, subject to other applicable reductions or limitations. In short, without an attorney, you will be responsible for negotiating a settlement for the injuries you received from your defective Stryker Rejuvenate or ABGII hip implant. Should you miss some of the enhancements you could be entitled to, you will not be given the opportunity for a “do-over.”
Protect Your Future by Speaking to an Experienced Stryker Hip Lawyer
It is likely this one-time settlement is just as financially crucial to your future as it is for the thousands of other Stryker victims. You, like many others, may have been left with a veritable mountain of medical expenses, lost wages and significant levels of pain and suffering from a device you believed to be safe. Your health may be damaged beyond repair, even after your Stryker revision surgery. Don’t you want to ensure you receive the maximum settlement amount possible from the Stryker settlement agreement? If your answer to that question is an unqualified “yes,” then it is crucial you have a skilled Stryker hip attorney by your side during the settlement negotiations. Don’t leave your future to chance—place it in the hands of an experienced legal professional who will be looking out for your rights and your future during the entire process.