: Personal Injury Attorneys--Owen, Patterson & Owen
Merck to Pay $4.85 billion in Vioxx Settlement
By Owen, Patterson & Owen
Friday, Merck & Co. settled to pay $4.85 billion to end thousands of lawsuits over its painkiller Vioxx. “Without this settlement, the litigation might very well stretch on for years,” Merck executive vice president Kenneth Frazier said during a conference call. Vioxx was pulled from the market in September of 2004 after its researchers determined the blockbuster arthritis treatment, then taking in about $2.5 billion a year, doubled risk of heart attacks and strokes. The deal was finalized in the early morning hours after attorneys for Merck and the plaintiffs met with three of the four judges overseeing nearly all Vioxx claims.
Merck to Start Vioxx Settlement Payouts in August US News reports on Merck & Co.'s recent $4.85 billion settlement with former users of its painkiller, Vioxx. Linda A. Johnson writes, Merck & Co. will start cutting checks for former users of its withdrawn painkiller Vioxx next month after....
$4.85 Billion Vioxx Settlement Moving Forward Despite a controversial provision in the Merck-Vioxx settlement agreement, reports indicate that enough claimants have signed on to the $4.85 billion settlement to keep the deal moving forward...
More than 44,000 sign up for Vioxx settlement More than 44,000 people have signed up for shares of a $4.85 billion settlement over the withdrawn painkiller Vioxx, a sign that the deal is on track to go forward, Merck & Co. announced Monday.
Merck Agrees To $58M Settlement Over Vioxx Ad Claims As reported in the Dallas Morning News, Merck & Co. is paying $58 million as part of a multistate settlement concerning advertising of the now-withdrawn painkiller, Vioxx. Here are excerpts: The settlement announced Tuesday addresses allegations that Merck's advertising deceptively...
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