Greedy Trial Lawyer
Merck Needs Mariano Rivera
Category: Desperate Defendants
The headline makes the litigation seem almost like a sporting event. 3-3 Vioxx tie shows pattern for Merck, plaintiffs
But, the pattern is the start of an 11,500 game season.
That is the number of Vioxx cases that have already been filed. Here are some other important numbers: $50 billion (the total potential liability of Merck residing in the Vioxx claims) and $298.5 million (the total amount of the Vioxx verdicts to date).
From where I sit Merck's plan to try each Vioxx case instead of attempting a global settlement is going to require a lot better pitching.
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Comments
Why shouldn't they try each case? That's what trials are for, to determine who is right and who is wrong. Trials serve two purposes in these types of situations, at least in my opinion. First, to shine a light where there has been a wrong and that wrong is attempting to be covered up. Second, it sorts out the bad claims. As with everything in life, there are going to be some people who are going to jump on the bandwagon. Rather than throw money at all the cases, try 'em all.
Sorry, having a wild-eyed moment here.
Posted by: Bill at April 24, 2006 01:33 PM