Navigation Links
Labaton Sucharow Secures $473 Million Settlement In Case Against Schering-Plough Corporation
Date:2/14/2013

lleged to have made a series of material misrepresentations and omissions concerning the ENHANCE trial and the commercial viability of VYTORIN®.

"We are pleased to have secured this significant recovery for investors," said Labaton Sucharow partner Christopher McDonald, co-lead counsel for the Class.  "The settlement is even more gratifying because it underscores the value of private civil litigation to protect shareholder rights.  Multiple federal and state agencies investigated the matter, but our case is what yielded a significant financial benefit for Schering's investors."

In November 2009, Schering and Merck merged, with the surviving entity keeping the Merck name.  The settlement inures to the benefit of legacy Schering investors who purchased Schering securities between January 3, 2007 and March 28, 2008.

Labaton Sucharow represents co-lead plaintiff and class representative the Massachusetts Pension Reserves Investment Management Board.  The other co-lead plaintiffs in the Schering action are the Arkansas Teacher Retirement System, the Public Employees' Retirement System of Mississippi, and the Louisiana Municipal Police Employees' Retirement System. 

The defendants include Schering, certain of Schering's former directors and officers, the underwriters that participated in public offerings of Schering stock in August 2007, and Merck/Schering-Plough Pharmaceuticals, the joint venture formed by Schering and Merck to market VYTORIN® and another anti-cholesterol drug product, ZETIA®.  Both VYTORIN® and ZETIA® contain the drug ezetimibe.  VYTORIN® also contains the drug simvastatin, which is the active ingredient in ZOCOR®.  By comparing VYTORIN® and ZOCOR®, the ENHANCE trial sought to determine whether the additional cholesterol lowering obtained with ezetimibe would result in a biologic benefit (i.e., a reduced atheroscle
'/>"/>

SOURCE Labaton Sucharow LLP
Copyright©2012 PR Newswire.
All rights reserved

Page: 1 2 3

Related medicine technology :

1. The law firms of Bernstein Litowitz Berger & Grossmann LLP and Labaton Sucharow LLP announce pendency of class action in In re Schering-Plough Corporation / ENHANCE Securities Litigation
2. Aviir Secures Second $10 Million Financing Tranche; Attracts New Investor Group
3. CyVek, Inc. Secures $5.5 Million in Series D Financing
4. Amarantus BioScience Secures an Additional $1.4 Million in Financing Commitments
5. Topokine Therapeutics Secures Financing from Schooner Capital to Advance Clinical Development of XAF5 Gel
6. Unisense FertiliTech A/S Secures 24 Million USD in New Capital Investment
7. Biomatrica Secures Financing of $5 Million
8. SurgiQuest, Inc. Secures Additional $18.5 Million Funding to Fuel Worldwide Expansion and Commercialization Efforts
9. Zafgen Secures $21 Million in Series D Financing
10. Flexion Therapeutics Secures $20 Million in Series B Financing
11. Principia Biopharma Secures $12.5M Second Tranche In Series A Financing, Expands Senior Management Team
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/4/2015)... Israël, 4 mars 2015 /PRNewswire/ ... (« RedHill » ou la « Société »), une ... sur les spécialités pharmaceutiques administrés ... stade clinique avancé pour les ... notamment les cancers gastro-intestinaux, a ...
(Date:3/4/2015)... 2015 Perrigo Company plc (NYSE: PRGO ... Joseph C. Papa will present at the 2015 ... 11, 2015 at the Loews Miami Beach Hotel in ... presentation webcast at http://perrigo.investorroom.com/events-webcasts . From its ... Perrigo Company plc, headquartered in Ireland , ...
(Date:3/4/2015)... N.J. , March 4, 2015   ... company developing innovative medicines for serious women,s health ... clinical program demonstrating that its lead product candidate, ... predictable pharmacokinetics (PK), and that contraceptive efficacy for ... SYM-1219 administration. These results will be ...
Breaking Medicine Technology:RedHill Biopharma présentera à l'événement en ligne sur VirtualInvestorConferences.com le 5 mars 2015 2RedHill Biopharma présentera à l'événement en ligne sur VirtualInvestorConferences.com le 5 mars 2015 3RedHill Biopharma présentera à l'événement en ligne sur VirtualInvestorConferences.com le 5 mars 2015 4RedHill Biopharma présentera à l'événement en ligne sur VirtualInvestorConferences.com le 5 mars 2015 5Perrigo Company To Present At The 2015 Barclays Global Healthcare Conference 2Symbiomix Therapeutics Studies Show Drug Candidate for Women's Health Infections is Safe and Well-Tolerated 2Symbiomix Therapeutics Studies Show Drug Candidate for Women's Health Infections is Safe and Well-Tolerated 3Symbiomix Therapeutics Studies Show Drug Candidate for Women's Health Infections is Safe and Well-Tolerated 4Symbiomix Therapeutics Studies Show Drug Candidate for Women's Health Infections is Safe and Well-Tolerated 5
... and Drug Administration (FDA) has recently issued safety alerts about ... ) birth control pills that may ... diabetes medicines that carry new restrictions dietary supplements packaged ... These and other alerts were prompted by ...
... Texas, June 28, 2011 Pharmacy Choice and ... local businesses and pharmacists across the nation and ... care – applauds the Texas Legislature for the ... critical amendments that provide necessary protections for Texans ...
Cached Medicine Technology:Pharmacy Choice and Access Now Coalition Applauds Passage of Senate Bill 7 During Texas Legislature's Special Session 2
(Date:3/4/2015)... 04, 2015 The Global Liquefied ... in 2014 and is estimated to grow to ... 4.0% from 2014 to 2019. , Browse through ... for an analysis of industry trends, segments & ... liquefied petroleum gas market is classified into source, ...
(Date:3/4/2015)... Organic Valley, the nation’s largest cooperative of organic ... campaign to Save the Bros, http://savethebros.com/ with its ... to Bros everywhere. To date, the video has earned ... video was named Adweek’s best commercial of the week on ... among other media outlets. , “We are pleased to ...
(Date:3/4/2015)... USA (PRWEB) March 04, 2015 Columbus is ... a steady prevalence of cocaine addiction, and suffers from ... WKYC on Feb. 27th, the DEA revealed that Kratom ... as a herbal tea; the newly introduced herb from Southeast ... heroin in heightened doses. WKYC notes kratom foments symptoms similar ...
(Date:3/4/2015)... Sonoma, CA (PRWEB) March 04, 2015 ... which supports American military service members during and after ... for a Cause,” will increase awareness through advertising, social ... raise funds for the patriotic organization through a special ... Cabernet Sauvignon wines from March through May 2015. ...
(Date:3/4/2015)... New Port Richey, FL (PRWEB) March 04, 2015 ... Novus Medical Detox cut the ribbon on their new facility ... West Pasco Chamber of Commerce. The new facility will allow ... mission of helping end the prescription drug abuse epidemic through ... the current reality of drug addiction in the United States, ...
Breaking Medicine News(10 mins):Health News:The Global Liquefied Petroleum Gas Market is Estimated to Reach $288.7 Billion by 2019 - A Report by MicroMarket Monitor 2Health News:The Global Liquefied Petroleum Gas Market is Estimated to Reach $288.7 Billion by 2019 - A Report by MicroMarket Monitor 3Health News:ORGANIC VALLEY URGES PUBLIC TO SAVE THE BROs: CAMPAIGN EARNS MORE THAN 1M VIEWS ON YOUTUBE 2Health News:ORGANIC VALLEY URGES PUBLIC TO SAVE THE BROs: CAMPAIGN EARNS MORE THAN 1M VIEWS ON YOUTUBE 3Health News:Columbus, OH Combats the Sale of Kratom as a Drug, Harbor Village Detox Stresses Caution 2Health News:Plungerhead Partners with the Boot Campaign to Benefit US Military Community 2Health News:Plungerhead Partners with the Boot Campaign to Benefit US Military Community 3Health News:Novus Medical Detox Hosts Ribbon Cutting Ceremony at Pasco County Facility 2Health News:Novus Medical Detox Hosts Ribbon Cutting Ceremony at Pasco County Facility 3
... SAN FRANCISCO, Calif., Aug. 27 VaxGen,Inc. (OTC ... financial and operational update since the filing of ... and Exchange Commission,on August 14, 2008., (Logo: ... million in cash and equivalents and,investment securities as ...
... cuts risk in half, study finds , , WEDNESDAY, Aug. 27 ... of preterm delivery, cut the rate of cerebral palsy in ... "If deemed to be at high or immediate risk of ... consider using magnesium sulfate to prevent their child from having ...
... Incorporated,(NYSE: AFL ) announced today that it will ... Insurance Conference. President and Chief Financial,Officer Kriss Cloninger III ... a presentation on September 3, 2008, at 9:30 a.m. ... the,company,s outlook for the remainder of 2008 and its ...
... to be held on September 8, 2008, BURBANK, Calif., ... in Burbank will be hosting a Disaster Preparedness,Event sponsored by ... Burbank. The focus of this event is to educate older ... after yourself in an emergency.,Participants will learn how to make ...
... during pregnancy to protect their unborn children from the effects of ... of giving birth. , By shedding light on the factors ... good, a study by researchers at the University of North Carolina ... quit and stay quit. , According to the study, women with ...
... of Texas at Austin have been recognized by President ... and Innovation laureates, the nation,s highest honor for technological ... from the same institution for separate discoveries, Professors Adam ... announced this week. , "It,s sort of the American ...
Cached Medicine News:Health News:VaxGen Provides Financial Update Following the Filing of Its 10-Q for Second Quarter With SEC; Results Include $8.5 Million Charge in Respect of Manufacturing Plant Asset Impairment 2Health News:VaxGen Provides Financial Update Following the Filing of Its 10-Q for Second Quarter With SEC; Results Include $8.5 Million Charge in Respect of Manufacturing Plant Asset Impairment 3Health News:Magnesium Sulfate Reduces Threat of Cerebral Palsy 2Health News:Magnesium Sulfate Reduces Threat of Cerebral Palsy 3Health News:Aflac Incorporated To Present at the Keefe, Bruyette & Woods 2008 Insurance Conference 2Health News:Newly-defined factors may prevent postpartum smoking relapse 2Health News:Newly-defined factors may prevent postpartum smoking relapse 3Health News:Presidential medal for technological breakthroughs earned by 2 chemical engineering professors 2
The ARK-730A initiates automatic measurement at the optimum measurement point. The ARK-730A maintains fogging throughout multiple measurements, saving total examination time....
Sonix CEP provides Emergency Medicine practitioners with high performance imaging in a compact, portable system that boots up in seconds and runs on rechargeable battery up to 30 minutes so it's alwa...
MPatch® is a topical adhesive wound dressing for the local management and control of bleeding from vascular access sites and percutaneous catheters....
O-arm combines the best features of a traditional c-arm with an intra-operative 3D scannerfor unparalleled surgical imaging....
Medicine Products: