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Friday, August 27, 2010

Merck...dragged into Bribery probe by Government!




Because of a flurry of engagements - and travel in-and-out of town - I was a little remiss in updating some news alerts on Merck.

Last year, I reported on the landmark settlement claim Merck entered into with claimants, and complaint issues fielded my way by disgruntled Merck users who felt that the attorneys for the drug manufacturer were giving complainants the run-around.

Needless to say, it was quite a high-spirited dialogue, at both the WordPress and Blogspot sites where my posts were published.

Post:  02/02/10

http://julian1st.wordpress.com/2009/02/21/vioxx-settlementa-fraud-perpetrated-on-the-american-people-by-merck-lawyers/

Post: 08/07/09

http://ijulian.blogspot.com/2009/08/vioxx80-million-dollar-settlement.

Now it appears that Merck is in hot water with the Government in respect to alleged acts of bribery.

The giant in the pharmaceutical industry has acknowledged being in receipt of inquiry letters from the Department of Justice and the Security and Exchange Commission.

Pursuant to the Foreign Corrupt Practices Act, information is actively being sought arising from Merck's business dealings with a number of countries overseas.

Merck - although cooperating with the authorities - shrugs off the finger-pointing as part of a broader probe that is focusing on the dubious Pharmaceutical practices of foreign companies which they have been allegedly dragged into by virtue of innocent daily business transactions.

News at 11!





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