Thousands signed on for $4.85 billion Vioxx settlement
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More than 3,000 former users of Merck & Co's  withdrawn Vioxx pain drug have already signed up to take part in a $4.85 billion settlement deal that a federal judge said on Friday was in the best interests of both sides.
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A class-action lawsuit was filed yesterday in King County Superior Court on behalf of people who have used the anti-arthritis drug Vioxx.
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Several defendants being sued by relatives of the 100 people killed in a 2003 nightclub fire have tentatively agreed to a $13.5 million settlement.
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The families of hundreds of HIV positive children in Libya received a $460 million financial settlement on Tuesday, opening the door for a judicial panel to free six foreign medics condemned to death for infecting them.
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VANCOUVER - Just days after the arthritis drug Vioxx was pulled from store shelves, a class action lawsuit has been launched in BC Supreme Court alleging negligence by drug maker Merck and Co.
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Both the city and state of New York sue Merck over Vioxx payments
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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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NEW YORK - Already wounded by the withdrawal of its Vioxx pain reliever from the market, Merck &amp; Co. must now contend with hundreds of lawsuits over the drug&#39;s side effects - lawsuits that threaten to further damage the company&#39;s finances and reputation.
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Several plaintiffsâ lawyers have asked the judge overseeing the $4.85 billion settlement to allow them to keep some of their clients outside the settlement while others accept it.
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American International Group and federal regulators have completed a settlement that calls for the company to pay $126 million in penalties and restitution and to
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A federal judge approved a $2.575 billion settlement of a class-action lawsuit by WorldCom investors who claimed they were defrauded by Citigroup, the second-largest settlement ever in a securities fraud case. When the tentative pact was announced by Citigroup in May, it was for $2.65 billion, but the agreement presented to the judge was reduced by $75 million. Investors accused Citigroup of hiding WorldCom's financial risks when it helped sell $10 billion of WorldCom debt in 2001.
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WASHINGTON -- The Internal Revenue Service announced Monday that it had settled a dispute with the pharmaceutical giant GlaxoSmithKline Holdings (Americas) under which Glaxo will pay $3.4 billion in the largest tax dispute in IRS history.
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Merck and Co  on Wednesday reported a fourth-quarter loss due to a number of charges, including for a costly settlement related to its withdrawn Vioxx arthritis drug.
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A month after Merck quit selling Vioxx in the face of new evidence that its blockbuster painkiller caused heart attacks, strokes and other serious ailments, the company and plaintiffsâ lawyers are scrambling to adjust to a surge in related lawsuits.
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Merck &amp; Co. said it&#39;s withdrawing its Vioxx painkiller, which generated $2.5 billion in worldwide sales last year, because of data showing an increased risk of heart attack and stroke.
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GlaxoSmithKline Plc, Europe&#39;s largest drugmaker, said it settled a lawsuit filed by New York Attorney General Eliot Spitzer, who accused the drugmaker last June of withholding safety data on the antidepressant Paxil.
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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.