Advertisement
YOU ARE HERE: LAT HomeCollections

Business Briefing / PHARMACEUTICALS

Merck must face investor lawsuit

September 10, 2008|From Times Wire Services

Merck & Co. must face a proposed class-action lawsuit claiming that the company defrauded investors before withdrawing the painkiller Vioxx from the market in September 2004, a federal appeals court ruled.

The three-judge panel in Philadelphia reversed a lower court and reinstated the suit in a split decision, Merck said.

The company said it might ask the full 3rd U.S. Circuit Court of Appeals or the U.S. Supreme Court to review the decision.

Advertisement
Los Angeles Times Articles
|
|
|