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Merck Beats Shareholder Row Over Tax Liability Disclosure

Law360 (July 13, 2018, 4:11 PM EDT) -- Merck & Co. Inc. defeated a shareholder derivative action in New Jersey over the company’s failure to disclose its deferred tax liability on certain overseas earnings after a state appeals court on Friday upheld a trial court ruling dismissing the suit for not stating a viable claim.

A three-judge panel affirmed the 2015 dismissal of plaintiff Paul Berger’s complaint against current and former Merck executives and board members for its “failure to state a claim upon which relief can be granted,” rejecting his argument that the...
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