Judge throws out $51 mln Vioxx award as excessive
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NEW ORLEANS/NEW YORK  - A judge on Wednesday threw   out a $51 million jury award against Merck & Co. Inc., calling   it excessive for a former FBI agent who suffered a heart attack   while using the drug maker's Vioxx painkiller and ordered a new   trial on damages.
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A federal judge overturned a $50   million award handed down by a jury against Merck & Co. Inc.   earlier this month in a case of a former FBI agent who had   blamed the withdrawn painkiller Vioxx for his heart attack.
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NEW ORLEANS -- Thousands of federal lawsuits claiming the drug Vioxx caused heart attacks and other conditions that killed or injured people cannot be pooled into one national class action, a judge ruled Wednesday.
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A New Jersey jury found on Monday that Merck & Co. Inc.'s withdrawn arthritis drug Vioxx was responsible for a plaintiff's heart attack and it awarded $20 million in compensatory damages.
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A New Jersey jury on Monday ordered  Merck & Co.  to pay $27.5 million in punitive damages  after finding that the drugmaker was willful and reckless in  promoting arthritis medicine Vioxx, which has since been  withdrawn.
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More than 3,000 former users of Merck & Co's withdrawn Vioxx pain drug have already signed up to take part in a $4.85 billion settlement deal that a federal judge on Friday declared was in the best interests of both sides.
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The withdrawal of painkiller Vioxx will reduce 2005 earnings of Merck &amp; Co. Inc. to between $2.42 and $2.52 a share, below the already diminished expectations of Wall Street analysts, the huge drug maker said Wednesday.
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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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Merck failed to warn doctors about the risks of its painkiller Vioxx and must pay a retired FBI agent $50 million to compensate for the heart attack he suffered after taking the drug, a federal jury found Thursday.
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A New York state judge dismissed most of a lawsuit accusing H&R Block of charging excessive fees on individual retirement accounts.
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Drug company Merck has removed its painkiller Vioxx because of data showing an increased risk of heart attack and stroke.
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A jury on Thursday found  Merck &amp; Co.&#039;s  withdrawn pain medicine Vioxx was not a  substantial factor in the heart attack of a 68-year-old New  Jersey woman.
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A federal appeals court on  Wednesday threw out a $15 million punitive damages award to a  lifelong smoker who sued R.J. Reynolds Tobacco Co. after losing  his legs from a cigarette-related illness.
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Merck &amp; Co. Inc. said Wednesday it expects the withdrawal of its Vioxx painkiller from the market to reduce full-year earnings by 50 cents to 55 cents a share.
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A federal judge overturned a $50   million award handed down by jury against Merck & Co. earlier   this month in a case of a former FBI agent who had blamed the   withdrawn painkiller Vioxx for his heart attack, the Wall   Street Journal reported on its web site on Wednesday.
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Thousands of federal lawsuits claiming the drug Vioxx killed or injured people by causing heart attacks cannot be pooled into one national class action, a judge ruled Wednesday.
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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.