Merck Deal, With $3.5M In Fees, OK'd Over Objections

Law360, New York (March 29, 2010, 5:15 PM EDT) -- A judge has signed off on a settlement between Merck & Co. Inc. and a class of its shareholders who had sought to hold off the drug company’s $41 billion merger with Schering-Plough Corp. in 2009, overruling a handful of objections that largely focused on the $3.5 million in attorneys’ fees included in the deal.

Judge Dennis Cavanaugh of the U.S. District Court for the District of New Jersey on Friday ruled that the settlement is fair, adequate and reasonable.

The settlement, besides providing the settlement...
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