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Merck Subpoenaed By DoJ: Vioxx Investigations Under Way

This article was originally published in The Pink Sheet Daily

Executive Summary

Investigation is focusing on "research, marketing and selling activities" for Vioxx, Merck says. The Securities & Exchange Commission has also opened an "informal inquiry" into the product withdrawal.

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SEC Initiates Formal Investigation Into Vioxx Withdrawal

Escalation of SEC's "informal inquiry" is "not unexpected," Merck says. Company anticipates a federal judicial panel will rule in several weeks on motions to consolidate Vioxx personal injury and shareholder lawsuits for coordinated pretrial proceedings.

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