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Stryker to pay $13.2 M in bribery lawsuit

November 22nd, 2013

Metal-on-metal hip replacement manufacturer Stryker Corporation will pay $13.2 million to settle lawsuits alleging that the company bribed doctors and governments in five different countries. The U.S. Securities and Exchange Commission (SEC) charged Stryker with masking bribes to Poland, Argentina, Greece, Mexico and Romania as “charitable donations.”

According to the SEC, Stryker’s bribes ultimately netted them about $7.5 million in profits between 2003 and 2008. The company has been embroiled in various legal battles, including multiple Stryker Rejuvenate and Stryker ABG II hip replacement lawsuits filed by patients.

Hundreds of patients allege that the Rejuvenate and ABG II metal-on-metal hip implants failed and caused serious injuries, including pain, limited mobility, tissue damage and metal poisoning. The company issued a Rejuvenate and AGB II recall in 2012 after studies showed a high number of patients required revision surgery to fix problems caused by the hip replacement devices.

 

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