Merck Vioxx related investor lawsuits update
While Merck would like all the lawsuits related to its Vioxx recall mess go away — it has already settled the lawsuits related to 60,000 American deaths — it seems that the crimes that it committed are so serious that the courts are not letting it off the hook.
Since Merck also engaged in investor fraud when it deliberately hid the dangers of Vioxx and all the thousands of people who were either dying or experiencing heart attacks and strokes, the company has now been told by the US Supreme Court that a class action lawsuits by shareholders will go ahead. Investors lost billions of dollars when the Merck stock tanked after all the deaths were disclosed.
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