Tags: US | Supreme | Court | Vioxx | Lawsuit

Supreme Court: Merck-Vioxx Lawsuits Can Proceed

Tuesday, 27 Apr 2010 10:17 AM

The Supreme Court says investors who lost millions when Merck & Co. pulled its blockbuster drug Vioxx off the market can go ahead with a lawsuit against the pharmaceutical giant.

The high court on Tuesday agreed with a federal appeals court's decision to allow a class-action securities lawsuit. The lawsuit was related to the tens of billions of dollars in shareholder value lost overnight after Merck pulled Vioxx off the market.

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The Supreme Court says investors who lost millions when Merck Co. pulled its blockbuster drug Vioxx off the market can go ahead with a lawsuit against the pharmaceutical giant.The high court on Tuesday agreed with a federal appeals court's decision to allow a class-action...
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2010-17-27
 

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