The terms of a $4.85 billion Vioxx-related settlement with Merck present an interesting twist for Texas plaintiffs lawyers: If any of clients decide to participate, the lawyer must recommend the settlement to all of his clients. Lawyer W. Mark Lanier, who won a $234.4 million verdict in 2005 in the nation's first Vioxx trial, says the settlement will average $150,000 to $200,000 per client and he'll recommend that his 1,003 clients take it. The settlement is said to apply to about 60,000 claimants.
November 13, 2007 at 12:00 AM
1 minute read
The original version of this story was published on National Law Journal
The terms of a $4.85 billion settlement with pharmaceutical company Merck & Co Inc. present an interesting twist for Texas plaintiffs lawyers: If any of a lawyer’s clients decide to participate in the settlement, the lawyer must recommend the settlement to all of his clients.
On Friday, Merck announced it has agreed to pay the money to settle Vioxx-related claims in cases where the claimant suffered a heart attack, sudden cardiac death or ischemic stroke.
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