Exactech
The recall stemmed from packaging issues that allowed oxygen exposure, leading to premature oxidation and degradation of the plastic inserts before implantation. This degradation accelerated wear and damage to the implants, causing accelerated debris, osteolysis, instability, joint swelling and often necessitating revision surgeries within just a few years.
Recall: In June 2021 Exactech announced a recall of 40,000 of its hip models due to excessive premature wear of the liner. By 2024 it had recalled more than 650,000 devices due to the improper packaging.
Bankruptcy: On October 29, 2024, Exactech announced it was filing for Chapter 11 Bankruptcy, while indicating that it is being purchased by a group of private equity companies led by TPG.
FDA Recall
In June 2021 Exactech announced a recall of 40,000 of its hip models due to excessive premature wear of the liner. By 2024 it had recalled more than 650,000 devices due to the improper packaging.
Bankruptcy
On October 29, 2024, Exactech announced it was filing for Chapter 11 Bankruptcy, while indicating that it is being purchased by a group of private equity companies led by TPG.
MDL
MDL #3044: Eastern District of New York, Judge Nicholas G. Garaufis
Litigation Updates
October 2024 Exactech files for Chapter 11 bankruptcy protection. This resulted in a complete stay in all MDL and Florida state-coordinated proceedings. In a genius move, plaintiffs MDL leadership showed up at the bankruptcy hearing and helped get 7 of the 9 Bankruptcy Creditor Committee appointments filled with injured plaintiffs. The bankruptcy also opened up private equity firm, and postulated suitor to acquire Exactech, for discovery. ALL CLAIM FORMS MUST BE FILED BY FEBRUARY 7, 2025!
Important Links
- https://www.fda.gov/medical-devices/safety-communications/risks-exactech-joint-replacement-devices-defective-packaging-fda-safety-communication
- https://www.reuters.com/legal/litigation/medical-implant-maker-exactech-files-bankruptcy-after-recall-litigation-2024-10-29/
- https://www.exac.com/recall-information/
MDL Link
Case Management Orders
Bellwether Case Management Orders
Discovery Orders
Plaintiff Fact Sheet Orders
Practice & Procedure Orders