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Credit Pacific Service Union The suit, brought in United States District Court in Trenton, said that the pension fund lost about $171 million on Sept. 30, when the company, citing increased heart risks in tests of people who had used Vioxx for more than 18 months, withdrew it from the market. On that day, the price of a share of Merck stock plummeted 27 percent, and it has since drifted lower. Merck shares are down almost 40 percent so far this year, though they closed up 35 cents yesterday, at $28.02.

Generally, the attorneys who represent the class are paid out of the funds recovered. They receive a percentage of the settlement. Most courts set the fees at 25%, although this may be adjusted depending on specific circumstances. As for the case against Vioxx, Merck expects about 16, 000 people to file lawsuits pagainst the company. Even before announcing the drug's voluntary withdrawal, several hundred people had already filed suit against the company, claiming they suffered heart attacks and strokes while taking the drug.

Credit First Service Union The suit appears to be the first by a pension fund against Merck, which is based in Whitehouse Station, N.J. A company spokeswoman, Joan Wainwright, said that about 15 lawsuits had been filed, contending that Merck misled shareholders. Several hundred personal injury lawsuits have also been filed against Merck by people claiming to have been injured by Vioxx.

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Card Credit Mobile Service The company has denied any wrongdoing.

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Card Credit Discover Service In a statement issued yesterday, the New York State comptroller, Alan G. Hevesi, who is also the pension fund's trustee, maintained that Merck knew but failed to disclose that growing evidence indicated that Vioxx users were at increased risk of heart attacks, strokes and death.

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Credit Public Service Union "Merck must be held legally responsible for its actions," Mr. Hevesi said. "These actions have put lives at risk and cost shareholders billions of dollars." Mr. Hevesi's suit is seeking unspecified damages.

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Card Credit Processing Service Besides the company, the suit names several individuals, including Merck's chief executive, Raymond V. Gilmartin.

Center Credit Service Union Merck executives have disputed suggestions that they acted improperly and said they moved promptly to withdraw Vioxx after the patients in the clinical trial - where the drug was being tested as a treatment for colon polyps - experienced increased risks of cardiovascular problems.

Card Credit Service Wireless "Merck extensively studied Vioxx before seeking regulatory approval to market it," the spokeswoman, Ms. Wainwright, said. "We promptly disclosed the clinical data about Vioxx. When questions arose, we took additional steps, including conducting further prospective, controlled studies to gain more clinical information."

Credit Security Service Union She said that Merck had not seen Mr. Hevesi's lawsuit and so would not comment.

Credit Report Service In the suit, Mr. Hevesi cited recent newspaper and broadcast reports and medical journal articles that raised questions about Merck's handling of safety issues surrounding Vioxx.

Blogspot Com Christian Some people raised safety questions after Vioxx's approval in 1999 by the Food and Drug Administration. In 2000, for instance, a major clinical trial of the drug found that those taking it had a fivefold greater risk of heart attacks compared with patients in the trial who took another pain reliever, naproxen.

Christian Counseling Credit Until recently, Merck executives said that those results did not reflect dangers posed by Vioxx but rather the protective effect of naproxen for cardiac health.

Credit Federal Service Union A spokesman for Mr. Hevesi, John Chartier, said that at end of September, the New York State pension fund owned about 9.4 million shares of Merck.

Credit Monitoring Service In the lawsuit filed yesterday, Mr. Hevesi is asking the court to consolidate all securities-related claims against Merck in connection with Vioxx into a class action and to make him the lead plaintiff. He also filed a separate but related lawsuit yesterday in United States District Court in New Orleans.

Credit Division Service The New York State Common Retirement Fund, as the pension fund is formally known, is the second-largest public pension fund in the country, after Calpers.
It has some $120.8 billion in assets and more than 970,000 retirees, beneficiaries and members.

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