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Merck Reports Proposed Settlement of Litigation Involving Planned Merger with Schering-Plough
Merck & Co., 07/27/09
Merck and Co., Inc. announced a proposed settlement, subject to Court approval, to resolve litigation challenging the planned merger between Merck and Schering–Plough Corporation and seeking other forms of relief. The consolidated class action lawsuit, which was noted in Merck's June 2009, definitive merger proxy statement/prospectus, was filed in the Chancery Division of the Superior Court of New Jersey in Hunterdon County and named Merck, its directors and Schering–Plough as defendants.
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