Merck & Co., Inc. Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky Before April 14, 2025 to Discuss Your Rights - MRK
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Merck & Co. is being sued for securities law violations related to its Gardasil sales projections in China. The lawsuit alleges that the company misled investors about expected revenue of $11 billion by 2030. On February 4, 2025, Merck announced it would cease Gardasil shipments to China, causing its stock to drop over 9% in a single day.
March 27, 2025 | 6:00 pm
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The class action lawsuit alleges Merck misrepresented Gardasil sales potential in China, potentially impacting investor confidence and stock performance.
The lawsuit directly targets Merck's representations about Gardasil sales, which caused a significant stock price drop. Legal proceedings could result in financial penalties and damage to corporate reputation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100