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Company: Merck & Co.
Current Parent Company:
Merck
Parent at the Time of the Penalty Announcement:
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Penalty: $58,000,000
Year: 2008
Date: May 20, 2008
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Mega-Scandal:
Improper Drug Marketing
Violation Description: Merck agreed to pay $58 million to settle multistate litigation alleging that its television ads for Vioxx did not adequately disclose the cardiovascular risks of the anti-inflammatory drug.
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: New Jersey
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: pharmaceuticals
Specific Industry of Current Parent: pharmaceuticals
Source of Data:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.