Merck has flip-flopped on its legal strategy around Vioxx and is now settling a large number of the suits for $4.85 billion. Previously, the company indicated it would fight each and every one of them.
The settlement is a bit complex. Each individual case will still be reviewed and it’s not a class-action settlement. Plaintiffs would still have the burden of proving their case, although just not in a court of law. Interesting strategy.
The settlement is a bit complex. Each individual case will still be reviewed and it’s not a class-action settlement. Plaintiffs would still have the burden of proving their case, although just not in a court of law. Interesting strategy.
1 comment:
Drug settlements always end with the company never having to admit fault. I wish just once, big pharma would take responsibility for there mistakes instead of paying there way out of everything. Im sure that Merck’s $600 million annual defense fee’s for Vioxx probably had something to due with the settlement.
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