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<B>BREAKING NEWS:</b> Merck Wins Big
In a stunning turnaround today, separate appeals courts in New Jersey and Texas reversed verdicts against Merck from some of the earliest trials involving the now-withdrawn painkiller Vioxx.
According to the Associated Press, A Texas court killed a $26 million verdict against the Merck from the first trial, wherein it was claimed that a patient suffered his fatal heart condition from a blood clot caused by Vioxx. He had been taking the drug for 8 months before his death.
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Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
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