A New Jersey federal judge will handle all suits by Merck & Co. shareholders stemming from the recall of the company's blockbuster arthritis drug Vioxx, a judicial panel has ruled. The Wednesday order grouped about 20 federal cases filed in New Jersey, Pennsylvania and Louisiana. About 17 other cases may also be added. The cases include securities, shareholder derivative and ERISA suits, which generally accuse company officers of making misleading statements about Vioxx, leading to a decline in stock price.
February 25, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
A federal judge in Trenton will be handling all lawsuits filed by Merck & Co. shareholders stemming from the recall of the company’s blockbuster arthritis drug Vioxx, a judicial panel has ruled.
The Whitehouse Station-based company, and some of those suing Merck, sought to have the cases consolidated in New Jersey, according to the Judicial Panel on Multidistrict Litigation. Its order Wednesday grouped about 20 federal cases that had been filed in New Jersey, Pennsylvania and Louisiana.
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