We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Vioxx Deal Yields Lawyer Payday

Law360 (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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.