Litigation allows shareholders to seek remedies for fiduciary breaches by managers or directors, such as when there has been a misrepresentation of financial results or illegal insider trading.
For Merck, the agreement eliminates the burden and uncertainty of further litigation, allowing the company to focus on its primary business of discovering, developing and marketing innovative drugs, Bruce N. Kuhlik, its general counsel, said in a statement.
"This eliminates the need for litigation, allowing us to continue our focus on the diverse and inclusive environment that is critical to our success," JPMorgan spokesperson Thomas Kelly said in a statement.
Our firm has been at the forefront of this developing law, having obtained a change in the law through litigation allowing unwed fathers who used fertility to treatments to establish parentage based on their relationship with their children and now using that change in the law to represent other fathers who have been involuntarily cut out of their children's lives.
At the same time, the litigation was allowed to continue.
The litigation is allowed to be done in tribunals known as international-state dispute settlements (ISDS), ruled upon by lawyers under the auspices of the World Trade Organisation.
In 1960 he handled the litigation that allowed Lyndon B. Johnson to run simultaneously for the Senate and the vice presidency.
But Diane E. Bieri, executive vice president of the drug manufacturers association, said the settlements sometimes benefited consumers because they avoided litigation and allowed generic drugs to enter the market before drug patents expired.
Within the LOT club, patent litigation is allowed, but the threat of a counter-suit should discourage the frivolous kind.
"The settlement of this litigation will allow our senior management team to devote all its time to focusing on continuing to increase shareholder value".
