U.S. Supreme Court Agrees to Hear Dangerous Drug Claim against Vioxx

 

On May 27, 2009, the U.S. Supreme Court overturned a New Jersey District Court’s dismissal of lawsuit concerning the pharmaceutical company Merck & Co. Inc. Merck is currently involved in a lawsuit with shareholders who believe they were not informed of the side effects of the dangerous drug Vioxx in a timely manner.

The shareholder’s of Merck filed a lawsuit against the company alleging the pharmaceutical giant failed to warn them of the dangers of Vioxx in time for them to take action. After Vioxx was determined to be dangerous and pulled from shelves, the company, and its shareholders, lost millions of dollars.

Unfortunately, the shareholders filed their lawsuit more than two years after the company informed them of Vioxx’s dangers. Merck claims that this lawsuit violates the statutes of limitations concerning dangerous drugs, so the shareholders should not be allowed to recover any damages from the company.

Since Vioxx was taken off the market in 2004, nearly 10,000 payment checks have been given to past patients who were injured by the drug. Merck agreed to pay $4.85 billion to injured parties in November 2007. Since then, more that 48,000 plaintiffs have come forward to recover economic losses they suffered with a securities fraud claim after Merck’s profits dropped severely.

If you or one of your loved ones has suffered economic injuries as a result of Merck’s failure to provide important information, you may be able to recover compensation.