PROTECT CONSUMER JUSTICE.ORG

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.

Bloomberg BusinessWeek: A class action lawsuit filed by investors against financial ratings companies Moody’s and Standard & Poor’s will proceed as the result of a ruling by a federal judge in New York.

Los Angeles Times: The U.S. Supreme Court ruled mutual funds that “charge exorbitant fees can be sued for violating their duty of trust to investors.”