Archive for May 4th, 2008

History Catches Up With Merck Via FDA Actions

Sunday, May 4th, 2008

Merck, maker of Vioxx and owner of a $4.5 Billion USD payout for the same medication’s class-action and private lawsuits is now facing greater scrutiny from the Food and Drug Administration at every turn. Within the past three weeks, Merck has had to deal with two of its experimental prescription drugs being rejected by the FDA at the hint of trouble, and now they are being ordered to complete significant cleanup at their plants.

Shares of Merck are down over 30% since last January when their cholesterol-fighting drug, set to be the next generation of Zocor, was deemed “unapprovable” by regulators. The medication, named Cordaptive, cleared trials but was rejected on the grounds that it was no better and more expensive than other medications. This has caused a financial ruckus that has caused Merck to cut over 7,000 jobs.

Not since Merck was forced to pull Vioxx has the market turned so sour for them. One can only point at their history and the egg-on-the-face look that the FDA got from passively approving so many other prescription medications from the company that have backfired and caused countless prescription Drug lawsuits.

http://finance.sympatico.msn.ca/investing/news/businessnews/article.aspx?cp-documentid=7121644

Source: MSN Canada

Posted in Prescription Drug Lawsuits | No Comments »

Choice Hotels Denies Liability in Forced Labor Lawsuit

Sunday, May 4th, 2008

South Dakota Comfort Inn owners Robert and Angelina Farrell were convicted of 22 mixed counts of forced labor and peonage, or forced working in an unfair labor market. Now, it appears that Choice Hotels, the owners of Comfort Inn’s franchise, may be also at fault for not having more stringent guidelines and managing their hotel owners more closely.

Four Filipino workers have filed a civil lawsuit against Choice Hotels and the Farrells personally claiming unspecified damages for their suffering at the hands of the Comfort Inn owners. Choice Hotels denies any wrongdoing or liability involved in this case. As good franchisees, however, the Farrells have requested that the civil lawsuit against the parent company be dropped and only they be named as defendants.

In addition to these legal labor issues, the Farrells also were convicted of visa fraud and false statements. Settlement may be imminent, but the fact that a labor lawsuit of this magnitude occurs in this day and age is shameful, at best.

http://wkbt.com/Global/story.asp?S=8269089

Source: WKBT, LaCrosse

Posted in Civil Lawsuits, Immigration Fraud | 3 Comments »

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