3rd Circ. Revives Vioxx Securities Suit

Law360, New York (September 9, 2008, 12:00 AM EDT) -- An appeals court has removed the barriers blocking a securities class action filed against Merck & Co. Inc. related to disclosures the drug company made about the pain medication Vioxx, allowing shareholders to pursue their claims.

In a 2-1 ruling, a divided appeals court ruled that the lower court had erred in its finding that the plaintiffs were time-barred under applicable statutes of limitation, and reversed an April judgment of dismissal and remanded the case back to the district court for further proceedings.

Vioxx, once a...
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