Vioxx Deal Yields Lawyer Payday

Law360, New York (November 9, 2007, 12:00 AM EST) -- The settlement reached in the Vioxx product liability litigation has been touted as a victory for both plaintiffs and drug maker Merck & Co. Inc. But the deal also means a major payday for a third party: the plaintiffs attorneys.

The terms of Merck & Co. Inc.'s $4.85 billion settlement, disclosed on Friday, stipulate that 85% of plaintiffs with pending or tolled claims must opt into the settlement process in order for the deal to go through. If the requisite number of plaintiffs do not initiate...
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