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Johnson & Johnson (JNJ) will formally announce on Nov. 19 a settlement of more than $4 billion aimed at resolving thousands of lawsuits over its recalled hip implants, three people familiar with the matter said.

U.S. District Judge David Katz in Toledo, Ohio, will hear the settlement’s terms presented by attorneys for artificial-hip recipients and J&J, the world’s largest maker of medical products, said the people, who requested anonymity because they weren’t authorized to speak publicly.

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