Jon LeCroy
Jon LeCroy
actively attorneys company data excited imply omitted product public suing trying
If I was one of the attorneys suing Merck, I would be very excited about this. It would imply that the company actively omitted data in a public forum, trying to make their product look better.
fight settle thousands
Merck right now is going to fight cases. But obviously, if there's thousands and thousands of cases, they'll end up not being able to fight all of them. They will have to settle some of them.
costs expect goes rise savings shifted year
I would expect costs to rise as the year goes on. They shifted some savings into this quarter.
companies cut facing line pressures top
Other companies facing top line pressures are going to have to cut costs.
allowed cases defend difficult early hard per produce value
The early cases are important in determining the value per claimant. If they're only allowed to defend hard cases in the beginning, that makes it more difficult for them to produce a low settlement.
relatively saw seeing toward
I think they're relatively cheap. What we saw was a big run-up toward April, and now we're seeing a little more profit-taking.