Cohen, Milstein, Hausfeld & Toll, P.L.L.C. Files Lawsuit To Recover Losses in Merck Stock by Retirement -- 401k -- Plans.WASHINGTON -- Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. , Milstein, Hausfeld & Toll, P.L.L.C., Vianale & Vianale LLP LLP - Lower Layer Protocol and Sarraf Gentile LLP have filed a lawsuit on behalf of its client against the fiduciaries of its retirement (401k) Plans that invest in Merck (NYSE NYSE See: New York Stock Exchange :MRK MRK Merck & Company (stock symbol) MRK Mayer-Rokitansky-Kuster (anomaly) MRK Manual Remote Keying ) stock for violations of the federal pension law (ERISA See Employee Retirement Income Security Act. ERISA See Employee Retirement Income Security Act (ERISA). ) in connection with the loss of value in Merck's stock acquired and held by present and former employees of Merck or Medco Health Solutions Medco Health Solutions, Inc. (NYSE: MHS) is a leading pharmacy benefit manager (PBM) company based in Franklin Lakes, New Jersey. The current chairman is David Snow. The company formed in August 2003 as a spinoff from Merck & Co.. within their retirement plans. The goal of this lawsuit is to restore losses in Merck stock to the accounts of employees in the Plans. This lawsuit concerns whether the fiduciaries of the Plans violated their fiduciary duties Noun 1. fiduciary duty - the legal duty of a fiduciary to act in the best interests of the beneficiary legal duty - acts which the law requires be done or forborne from October 30, 2003 to the present when Merck allegedly failed to disclose material information during the Class Period concerning the safety profile of its drug Vioxx. The suit alleges that as a result, Merck's stock traded at artificially inflated prices, as demonstrated by the precipitous decline in the stock price following the disclosure of this information. If you are a current or former employee of Merck, Medco Health Solutions or a subsidiary who acquired Merck stock through Merck & Co., Inc. Employee Stock Purchase and Savings Plan, Merck & Co., Inc. Employee Savings & Security Plan, Medco 401(k) Plan, Merck-Medco Managed Care 401(k) Savings Plan, or the Medco Health Solutions, Inc. 401(k) Savings Plan ("the Plans"), between October 30, 2003 and the Present, interested in recovering losses, or if you have information which might assist us in the litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. of these allegations or information regarding the individuals responsible for the management of the Plans, please contact one of the following persons: Marc I. Machiz, Esq. R. Joseph Barton, Esq., jbarton@cmht.com Abby Gustafson, agustafson@cmht.com Cohen, Milstein, Hausfeld & Toll, P.L.L.C. 1100 New York Avenue, N.W., Suite 500 Washington, D.C. 20005 Telephone: 888-240-0775 or 202-408-4600 Kenneth Vianale, Esq., kvianale@vianelelaw.com Vianale & Vianale LLP The Plaza - Suite 801 Boca Raton, FL 33486 Telephone 888-657-9960 or 561-391-4900 Ronen Sarraf, Esq., ronen@sarrafgentile.com Joseph Gentile, Esq., joseph@sarrafgentile.com Sarraf Gentile LLP 111 John Street, 8th Floor New York, NY 10038 Telephone: 212-433-1312 The law firm of Cohen, Milstein, Hausfeld & Toll, P.L.L.C., www.cmht.com, is a nationally recognized plaintiffs' class action law firm and has significant experience in representing investors, employees, consumers and small employers injured by corporate misconduct. The firm's reputation for excellence has been recognized on repeated occasions by courts which have appointed the firm to lead positions in complex multi-district or consolidated litigation. Cohen, Milstein, Hausfeld & Toll's ERISA practice is headed by , formerly the Department of Labor's chief ERISA lawyer. The firm currently represents employees in a number of significant ERISA class actions, including publicly traded employer stock acquired by 401(k) retirement savings plans Noun 1. retirement savings plan - a plan for setting aside money to be spent after retirement pension account, pension plan, retirement account, retirement plan, retirement program, retirement savings account . |
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