Vioxx Information

Merck & Co. has agreed to pay $12.15 million in plaintiffs' legal fees to settle two shareholder derivative suits over its painkiller Vioxx -- one in state court in New Jersey and the other in the 3rd U.S. Circuit Court of Appeals. As part of the settlement, Merck agreed to create two committees to address product safety and to appoint a chief medical officer. The settlement does not apply to a ...