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Merck might have breached fiduciary duties owed to retirement plan participants by artificially inflating Merck's stock when Merck engaged in illegal business practices relating to its anti-cholesterol drug, Vytorin.
Investigation Source (Case #08-cv-1974)
- Nationwide
Investigation Scope
Category Information
Investigation Topics
- Loss of Retirement Asset
- Retirement Asset
- Investment Advisor Duties
Products or Services
- Retirement Plan
- 401(K)
Injury Type
- Monetary Loss
Investigation Details
Investigation and pending ERISA class action lawsuit against Merck & Co., Inc.
The class action lawsuit is on behalf of participants in:
1. The Merck & Co., Inc. Employee Savings & Security Plan;
2. The Merck & Co., Inc. Employee Stock Purchase & Savings Plan;
3. The Merck Puerto Rico Employee Savings & Security Plan; and
4. The Merck-Medco Managed Care, LLC 401(k) Savings Plan.
The ERISA class action lawsuit alleges that Merck breached fiduciary duties it owed all plan participants arising from Merck's alleged improprieties relating to Vytorin, Merck's prescription anti-cholesterol drug.
The class action lawsuit is on behalf of participants in:
1. The Merck & Co., Inc. Employee Savings & Security Plan;
2. The Merck & Co., Inc. Employee Stock Purchase & Savings Plan;
3. The Merck Puerto Rico Employee Savings & Security Plan; and
4. The Merck-Medco Managed Care, LLC 401(k) Savings Plan.
The ERISA class action lawsuit alleges that Merck breached fiduciary duties it owed all plan participants arising from Merck's alleged improprieties relating to Vytorin, Merck's prescription anti-cholesterol drug.
Defendant Details
| Name (Stock Symbol) | Brief Description |
|---|---|
| Merck & Co. Inc. (MRK) | Merck & Co. Inc. is a large pharmaceutical company. |