August 19, 2005
Business News: Merck Liable in Vioxx Death
From the New York Times:
Jury Finds Merck Liable in Vioxx Death and Awards $253 Million
By ALEX BERENSON
Published: August 19, 2005
ANGLETON, Tex., Aug. 19 - In the first verdict of a Vioxx-related personal-injury lawsuit, a Texas jury found the drug's maker, Merck, liable and awarded $253.5 million to the widow of Robert Ernst, who died in 2001 after taking the painkiller and arthritis medicine.
After deliberating for a day and a half, the jury of seven men and five women awarded Mr. Ernst's widow Carol $24.5 million for mental anguish and economic losses. The jury also awarded an additional $229 million in punitive damages after finding that Merck had acted recklessly in selling Vioxx with knowledge of the risks associated with taking the drug. Two jurors dissented from the verdict, which did not have to be unanimous.
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Posted by Becky at August 19, 2005 6:56 PM Posted to Business News