Mass Torts Update - Monday, October 6, 2008 10:26 - 0 Comments

Court reinstates Merck Vioxx shareholder lawsuit

Pharmaceutical company Merck & Co. must now face a shareholders’ lawsuit over its former blockbuster painkiller Vioxx. A federal appeals court reinstated the lawsuit which had been dismissed by a lower court. A three-judge panel from the Third Circuit Court of Appeals voted 2-1 to reinstate a class action securities lawsuit that had been dismissed in April 2007 by U.S. District Judge Stanley R. Chesler in Newark, New Jersey. The ruling will give thousands, perhaps tens of thousands, of Plaintiffs an opportunity to finally have a court hear their claims that Merck concealed the risks of Vioxx.

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