On February 14, the parties to the coordinated securities class actions pending against Merck & Co. Inc., Schering-Plough Corporation, Merck/Schering-Plough Pharmaceuticals, certain of the companies’ directors and officers, and the underwriters of a 2007 Schering stock offering announced that they had reached a settlement for a combined amount of $688 million. The massive $688 million settlement will be among the top 15 largest securities class action settlements for cases filed after the passage of the Private Securities Litigation Reform Act of 1995, according to a report by ISS’ Securities Class Action Services.
via Shareholders Score Massive Settlement in Merck/Schering Class Action – Compliance Week
