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Federal Contractor Misconduct Database (FCMD)

The federal government routinely awards contracts to companies with histories of misconduct, including contract fraud and other violations. POGO believes that providing this website will help to improve contracting decisions and increase public knowledge of how the government spends billions of taxpayer dollars each year. Read more…

Vioxx Securities Class Action Lawsuit

Merck agreed to pay $830 million to settle a lawsuit filed by shareholders who purchased Merck securities from May 1999 to October 2004. The lawsuit sought damages allegedly caused by Merck statements regarding the cardiovascular safety of the Vioxx pain medication, which the company pulled from the market in 2004. The lawsuit alleged Merck concealed from investors negative clinical trial data. The settlement did not constitute any admission by Merck of any liability or wrongdoing. In February 2016, a judge gave preliminary approval to the settlement, which included an additional $232 million in attorneys’ fees and expenses.

Misconduct Type
Securities
Enforcement Agency
Non-Governmental
Contracting Party
None
Court Type
Civil
Disposition
Settlement
Date of Settlement Announcement
1/15/2016
Contractors Involved Penalty
Total
Merck & Co., Inc. $1,062,000,000
Further Information Released
Settlement Notice 3/29/2016
Merck Press Release 1/15/2016

Federal Contractor Misconduct Database