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Merck Insurance Carriers Jump Ship Over Vioxx Defense Costs & Losses
September 18, 2006 (Lawyersandsettlements.com)
Merck SEC filing says it has not established any reserves for potential
liability relating to the Vioxx lawsuits or investigations.
According
to Merck's August 7, 2006 SEC filing, "At this time, the Company believes that
its insurance coverage with respect to the Vioxx Lawsuits will not be adequate
to cover its defense costs and any losses."
In addition, Merck says it
has not established any reserves for potential liability relating to the Vioxx
lawsuits or investigations, including for those cases in which a verdict has
been entered against the company and are now in post-verdict proceedings or on
appeal.
If you or a loved one has suffered due to a side effect of Vioxx, you can fill out this simple form for a free case review within 24 hours.
Weitz & Luxenberg is no longer accepting Vioxx cases.
see also:
Breaking News
Breaking News and updates you must know regarding Vioxx and the recallAffected by Vioxx? Get all the Breaking News you need right here
Letters
Important letters including the FDA warning on Vioxx and the recallRead the FDA's Letters regarding the drug Vioxx and the urgent recall
News & Warnings
The latest news about Vioxx and Merck you must knowGet recent Vioxx News and Warnings from the 2nd Vioxx Lawsuit winners
