Merck Argues Investors Can’t Sue over Vioxx Drug

Merck and Co., the makers of Vioxx argued in court this week that investors can’t sue them for the defunct product because the statute of limitation is over for a defective drug lawsuit.  Vioxx, which was pulled off the market because it doubled the risks of heart attack, stroke and death cost the company and [...]

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Bernie Madoff’s Ponzi Scheme

In 1920, Charles Ponzi, an Italian immigrant, started advertising that he could make a 50% return for investors in only 45 days. People mortgaged their homes and invested all of their life savings with Ponzi, so that by July 1920, Ponzi was bringing in millions of dollars. As with all frauds, the money return to [...]

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