The Joplin Globe, Joplin, MO

Business

November 2, 2012

Merck settles multimillion dollar Missouri Vioxx claim

ST. LOUIS — 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.

 

1
Text Only
Business
Poll

Do you plan on voting in the Aug. 5 elections being held in Missouri and Kansas?

Yes
No
     View Results
Facebook
Twitter Updates
Follow us on twitter
NDN Video
Renewed Violence Taking Toll on Gaza Residents 2 Americans Detained in North Korea Seek Help US Employers Add 209K Jobs, Rate 6.2 Pct House GOP Optimistic About New Border Bill Gaza Truce Unravels; Israel, Hamas Trade Blame Raw: Tunisia Closes Borders With Libya Four Rescued From Crashed Plane Couple Channel Grief Into Soldiers' Retreat WWI Aviation Still Alive at Aerodrome in NY Raw: Rescuers at Taiwan Explosion Scene Raw: Woman Who Faced Death Over Faith in N.H. Clinton Before 9-11: Could Have Killed Bin Laden Netanyahu Vows to Destroy Hamas Tunnels Obama Slams Republicans Over Lawsuit House Leaders Trade Blame for Inaction