Thursday, October 21, 2010

Lead attorneys in Vioxx painkiller settlement get US$315.3 million | Canadian Business Online

NEW ORLEANS - The federal judge overseeing the thousands of lawsuits filed over withdrawn painkiller Vioxx has ruled that the lead lawyers in the case will get US$315.3 million, while other lawyers who sued Merck & Co. will share $1.2 billion.

U.S. District Judge Eldon J. Fallon, in a ruling Tuesday, wrote that the lead lawyers deserve 6.5 per cent of the $4.85 billion settlement.

That's less than the eight per cent they initially sought.

Posted via email from Jack's posterous

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