Pension Fund of New York Files Suit Against Merck
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The main pension fund of New York State filed a lawsuit against Merck & Company, accusing it of misleading shareholders about the safety of its pain drug Vioxx.
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New York Attorney General Andrew Cuomo has subpoenaed Merck & Co and Schering-Plough Corp for documents and information to see whether the companies hid the results of a study on their cholesterol drug Vytorin.
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NEW YORK, November 30  - Merck &amp; Co (MRK.NYS) has adopted a new compensation plan aimed at retaining its senior management officials in case of a possible takeover.
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Nineteen California pharmacies filed a lawsuit in state court yesterday accusing the world&#39;s largest pharmaceutical companies of conspiring to inflate US drug prices.
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New York Attorney General Eliot Spitzer, who is probing bid-rigging in the insurance industry, expects to file suit against health insurance consultant Universal Life Resources as early as Friday, a spokesman for his office said.
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The pharmaceutical sues over patent infringement.
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Merck &amp; Co. officials said Tuesday they intend to defend aggressively their handling of the painkiller Vioxx against claims by patients who say they were harmed by the now-withdrawn drug.
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TORONTO -- Law firms in Toronto, Winnipeg and Calgary filed more class-action lawsuits yesterday against Merck and Co. Inc., the makers of the arthritis drug Vioxx.
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Government lawyers filed a new $7 billion civil lawsuit Friday against Pfizer Inc., adding a more serious fraud charge to their allegations that the U.S. drug maker did not properly obtain consent from families while testing an experimental drug on their children.
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Two drug firms and a charity for people with Alzheimer&#39;s disease are mounting a legal challenge Monday against a British government watchdog&#39;s recommendations about anti-dementia drugs prescription.
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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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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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The Nigerian state of Kano is  suing drug maker Pfizer Inc.  for its alleged role in  the deaths of children who received an unapproved drug during a  meningitis epidemic in 1996, court papers showed on Wednesday.
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U.S. prosecutors have joined a   whistle-blower lawsuit accusing a subsidiary of German   pharmaceutical company Merck KGaA MRCG.DE of fraudulently   overcharging the Medicare program, the U.S. government said on   Monday.
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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's side effects -- lawsuits that threaten to further damage the company's finances and reputation.
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A lawsuit has been filed against the makers of Vioxx, and more are expected to follow. Olga Sanchez of Pharr is claiming that a July 2001 heart attack resulted from her using Vioxx
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ALBANY, NY - New York&#39;s attorney general sued the nation&#39;s leading insurance brokerage Thursday, accusing brokers of taking payoffs to steer clients to insurance companies that were not necessarily offering the lowest prices for their policies.