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Drug & Device News
Merck Agrees to Pay Plaintiffs' Attorney Fees to Settle Vioxx Suits
In order to finally settle two shareholder derivative suits concerning its pain medication Vioxx, Merck & Co. has agreed to pay $12.15 million toward the plaintiffs' legal fees. The suits, one in federal court and another in New Jersey state court, claimed the company and some of its officers and directors failed when promoting their product to disclose the fact that Vioxx could cause heart problems. Merck spokesman Ronald Rogers said the company considered the agreement to pay plaintiffs' attorney fees “the best and most appropriate way to put these suits behind us.“ Rogers added, “We believe the company has always acted appropriately and in the best interests of patients and we believe this settlement is consistent with that belief.“ Still ongoing is another shareholders' suit against Merck, which is pending before the U.S. Supreme Court.
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Bit Parts
Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
Risks of “Baseball Arbitration” in Resolving Real Estate Disputes
“Baseball arbitration” refers to the process used in Major League Baseball in which if an eligible player's representative and the club ownership cannot reach a compensation agreement through negotiation, each party enters a final submission and during a formal hearing each side — player and management — presents its case and then the designated panel of arbitrators chooses one of the salary bids with no other result being allowed. This method has become increasingly popular even beyond the sport of baseball.
Disconnect Between In-House and Outside Counsel
'Disconnect Between In-House and Outside Counsel is a continuation of the discussion of client expectations and the disconnect that often occurs. And although the outside attorneys should be pursuing how inside-counsel actually think, inside counsel should make an effort to impart this information without waiting to be asked.