J&J settles hip implant suits for $1 billion

Johnson & Johnson plans on paying out $1 billion to settle almost all patient lawsuits involving its all-metal hip implants, although the health care giant still faces other lawsuits related to its other hip implants, Bloomberg reports.

The big picture: The hip settlements are just the tip of the legal iceberg for J&J, which also is facing high-profile litigation over its baby powder, pelvic mesh implants and opioids.