Merck faces shareholder lawsuits
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A US court revives shareholder lawsuits against drugs giant Merck over the health risks of its  painkiller Vioxx.
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Merck, the beleaguered US pharmaceuticals group, could be forced to pay out as much as $18bn (Â£9.7bn) over 10 years as a result of lawsuits linked to Vioxx, its controversial arthritis drug.
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The New Jersey decision is a legal victory for Merck, which faces nearly 27,000 individual lawsuits from people claiming the drug Vioxx harmed them.
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HARLINGEN, Texas -- Attorneys for Merck &amp; Co. want to see bank and cellphone records that could show the extent of a juror's financial relationship with a plaintiff who won a $32 million verdict against the drug company in the death of a 71-year-old man who took Vioxx.
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BOSTON (CBS.MW) - A New Jersey state court has ruled that plaintiffs&#39; attorneys can depose Merck &amp; Co. chairman and chief executive officer Raymond Gilmartin in preparation for their lawsuits against the company over its recalled drug Vioxx.
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Merck &amp; Co. shares fell as much as 7 percent to their lowest level in more than eight years after the Wall Street Journal said the drugmaker tried for years to stop safety concerns from hurting sales of its Vioxx painkiller.
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Merck&#39;s (MRK:NYSE - news - research) withdrawn painkiller, Vioxx, could soon leave pharmacy benefit manager (PBM) Medco (MHS:NYSE - news - research) with its own headaches.
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Merck & Co. Inc. Chief Executive  Officer Raymond Gilmartin and FDA officials have been called to  testify before Congress on Nov. 18 over safety problems with  the company's withdrawn arthritis drug Vioxx, a top U.S.  lawmaker said on Wednesday.
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Drugs giant Merck & Co. which pulled  its blockbuster painkiller Vioxx from shelves in September, is  about to become the target of hundreds of plaintiffs' lawyers,  the New York Times reported on Friday.
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Drugmaker Sanofi-Aventis , the  target of a lawsuit seeking class-action status filed on behalf  of shareholders, on Friday vowed to fight allegations it hid  the side-effects of its anti-obesity drug Acomplia.
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The government joins the plethora of lawsuit filers, but Merck will survive.
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Under a plan recently passed by Merck &amp; Co. Inc.âs board of directors, members of the firmâs management committee and the companyâs vice president-level managers may be compensated with severance packages
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A surge of lawsuits has swamped courthouses just ahead of the two-year anniversary of drugmaker Merck &amp; Co. pulling its blockbuster painkiller Vioxx from the market.
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Both the city and state of New York sue Merck over Vioxx payments
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Merck and Co. Inc. on Wednesday said a  federal court in Louisiana will handle pretrial matters in  product liability lawsuits around the country filed in federal  courts by former users of the company's withdrawn Vioxx  arthritis drug.
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A Mylan Laboratories shareholder is suing the Canonsburg generic drug maker and its directors, saying they have failed their fiduciary obligations by not considering billionaire investor Carl Icahn&#39;s $20 per share offer for the company.
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WHITEHOUSE STATION, NJ - Merck and Co. shares fell more than 10 per cent in trading on the NYSE on Monday amid reports that company documents showed the pharmaceutical firm knew for years about health issues related to its arthritis drug Vioxx.