-
Supreme Court cuts investors a break in Vioxx case
Tuesday, April 27, 2010
Associated Press: The U.S. Supreme Court ruled unanimously that investors may proceed with a class action lawsuit against pharmaceutical giant Merck & Co., alleging the company did not provide enough information about the risks of the painkiller Vioxx before it was pulled from the market in 2004. Jesse J. Holland reports, “Shareholders lost a combined $28 billion when Merck stock plunged overnight after Vioxx was pulled from the market.”
No related posts.
Tags: class action lawsuits, investors, Vioxx;
Category: In The News;