Most Claims Stand In Securities Suit Over Vioxx Risks

Law360, New York (August 9, 2011, 3:09 PM EDT) -- A New Jersey federal judge on Monday preserved most claims against Merck & Co. Inc. in a securities class action filed by employee investors claiming the company inflated stock prices by downplaying a possible link between heart attack risks and its shelved painkiller Vioxx.

The plaintiffs in the multidistrict litigation — participants in Merck's various retirement benefits plans — allege that the company and its directors breached their duties under the Employee Retirement Income Security Act by concealing information about Vioxx, artificially inflating the value of...
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