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Plaintiffs Lose Bid For Judgment In Vioxx ERISA MDL

Law360 (May 11, 2009, 12:00 AM EDT) -- A federal judge has denied a partial summary judgment motion by the plaintiffs in an Employee Retirement Income Security Act suit over Merck & Co.'s shelved painkiller Vioxx. The motion had sought a finding that Merck failed to evaluate the prudence of investing in the company's stock, but the judge ruled that granting it would not speed up the litigation.

Judge Stanley R. Chesler of the U.S. District Court for the District of New Jersey ruled Friday that the plaintiffs "have simply failed to persuade this...
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