Merck settles multimillion dollar Mo. Vioxx claim
by Jim Salter, Associated Press
November 02, 2012 02:45 PM | 963 views | 0 0 comments | 8 8 recommendations | email to a friend | print
ST. LOUIS (AP) — Drugmaker Merck & Co. Inc. could pay up to $220 million in the settlement of a class action lawsuit filed on behalf of Missouri consumers of the prescription pain reliever Vioxx.

Attorney for the consumers, Patrick Stueve, says the agreement announced Thursday settles claims that New Jersey-based Merck violated the Missouri Merchandising Practices Act by promoting and selling the drug.

Merck removed Vioxx from the market in 2004 after evidence showed it doubled the risk of heart attack and stroke.

The settlement requires Merck to pay validated claims submitted by Missouri Vioxx users, attorneys’ fees and other costs. Stueve declined to say how many consumers could benefit from the settlement if it is approved by a judge.

Merck took a $39 million charge in the third quarter for the settlement.

Comments
(0)
Comments-icon Post a Comment
No Comments Yet
*We welcome your comments on the stories and issues of the day and seek to provide a forum for the community to voice opinions. All comments are subject to moderator approval before being made visible on the website but are not edited. The use of profanity, obscene and vulgar language, hate speech, and racial slurs is strictly prohibited. Advertisements, promotions, and spam will also be rejected. Please read our terms of service for full guides