Merck to Pay $688 Million to Settle Investors’ Vytorin Suits
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Merck & Co. said it will pay $688 million to resolve class-action litigation claiming it defrauded shareholders by withholding adverse results of a clinical trial of the anti-cholesterol drugs Vytorin and Zetia.
The settlement announced today must be approved by U.S. District Judge Dennis Cavanaugh in Newark, New Jersey. He was to oversee a trial starting March 4. The accord benefits holders of securities of Merck and Schering-Plough, which Merck acquired in