STORY FROM: Hip & Knee Implant Litigation
Pinnacle Hip MDL Judge Applies 10 Percent Holdback of Common Benefit Funds
July 25, 2019
DALLAS — The Texas federal judge overseeing the DePuy Pinnacle Hip multidistrict litigation docket has granted the parties’ motion for final assessment, applying a 10 percent holdback of common benefit funds for costs and fees.
In a July 22 order, Judge Ed Kinkeade of the U.S. District Court for the Northern District of Texas ordered defendants to hold back 10 percent of the gross value of any settlement or judgment in a case that has been or is included in the MDL for the common benefit fund pending the determination of a common benefit assessment, if any.
“Of the ...