On Friday, we wrote of Vytorin, that “we haven’t yet seen the 10b-5 securities fraud class actions.”
Well, that wasn’t a very long wait. Some things are just all too predictable.
The Same Old Story, Part II
The Same Old Story
Just yesterday, we said of Vytorin: “We haven’t yet seen . . . lawsuits by state attorneys general, but that’s what usually happens next.”
Today, the New York State Attorney General subpoenaed Merck and Schering Plough.
Why are we not surprised?
Anatomy lesson
We told you this story last June.
We’ll tell you again today.
First, something happens in the press. This time, it was a front page story in The New York Times.
Immediately, the usual cast of characters starts trolling for business.
The class action lawsuits roll in.
The Congressional inquiries begin.
Plaintiffs