Merck Cuts Losses in Vioxx Settlement

"Without this settlement, the litigation might very well stretch on for years," said Executive Vice President Kenneth Frazier, the former general counsel who had developed Merck's fight-every-case strategy.

Painkiller's Maker Merck Limits Potential Legal Liability with New Fund

Merck & Co.'s agreement to pay $4.85 billion to resolve lawsuits over its Vioxx painkiller offers certainty of a payday to thousands of plaintiffs who no longer must prove the drug caused their heart attacks or strokes.

Vioxx Maker Offers $4.8B Settlement

If approved by claimants, Merck deal could end roughly 50,000 lawsuits. Even when it was winning most Vioxx lawsuits in the courtroom, the maker of the withdrawn painkiller was losing in other areas.

Merck Sets Vioxx Deal

Merck & Co. said Friday it will pay $4.85 billion to end thousands of lawsuits over its painkiller Vioxx in what is believed to be the largest drug settlement ever.

Merck to Pay $4.85B Vioxx Settlement

Merck & Co. said Friday it will pay $4.85 billion to end thousands of lawsuits over its painkiller Vioxx in what is believed to be the largest drug settlement ever.

Vioxx Settlement Worth $4.85 Billion

Company officials estimated the deal, if accepted, would end 45,000 to 50,000 personal injury lawsuits involving U.S. Vioxx users who suffered a heart attack or ischemic stroke, the type in which blood flow to the brain is blocked.

$4.85B Vioxx Settlement Announced

Plaintiffs' lawyers this morning announced that Merck & Co. has agreed to pay $4.85 billion to settle the majority of claims over injuries linked to its Vioxx painkiller.

Merck Agrees to $4.85 Billion Vioxx Settlement

The maker of the painkiller Vioxx has agreed to pay more than $4.8 billion to settle thousands of lawsuits in one of the largest civil cases ever.

Merck Settles Vioxx Lawsuits for $4.85B

Merck & Co. announced Friday that it will pay $4.85 billion to settle as claims by as many as 47,000 groups of plaintiffs over injuries linked to its blockbuster Vioxx painkiller.

Beasley Firm Praises $4.9 Billion Vioxx Pact

Montgomery law firm Beasley, Allen is on the winning side of a $4.85 billion settlement for users of the painkiller Vioxx who claim they were harmed by the drug.