November 9, 2007–MONTGOMERY, AL–After more than five years of hard-fought and difficult litigation, Merck has agreed to pay $4.85 billion, the largest pharmaceutical settlement in history, to resolve certain VIOXX®-related claims involving plaintiffs who used the pain reliever and suffered a stroke, a heart attack or sudden cardiac arrest.
The litigation involving product liability claims has been ongoing for more than five years. It is estimated that thousands personal of injury lawsuits were filed. In light of significant costs and delay that would result in protracted litigation, the settlement will ensure that those who suffered injuries as a result of VIOXX® are compensated fairly and efficiently.
For more information, visit www.merck.com. Eligibility and qualification requirements are available at www.BeasleyAllen.com.
Source: PR Web