Merck & Co. suffered a significant legal setback Friday when a New Jersey appeals court ruled a nationwide class action can go forward that allows health insurers and others to sue to recover the billions of dollars they spent on Vioxx. If the case does go forward, Merck faces substantial financial risk because under New Jersey's Consumer Fraud Act the company would have to pay triple damages to the plans.
April 03, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Merck & Co. suffered a significant legal setback Friday when an appeals court ruled a nationwide class action lawsuit can go forward that allows health insurers and others to sue to recover the billions of dollars they spent on Vioxx.
Merck attorney Ted Mayer called the ruling “deeply flawed” and said the company would appeal the unanimous decision by the three New Jersey Appellate Division judges to the state Supreme Court.
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