He said the company will ask the appeals court to postpone any additional trials over the implant defects.
DePuy ceased selling the metal-on-metal Pinnacle devices in 2013 after the U.S. Food and Drug Administration strengthened its artificial hip regulations.
J&J and DePuy also paid $2.5 billion that year to settle more than 7,000 lawsuits over its ASR metal-on-metal hip devices. The ASR devices were recalled in 2010 due to high failure rates.
J&J shares fell 38¢ to $111 in after-hours trading. They had closed up 8¢ during the day.