29.01.2014 - Singapore's GIC sues Merck and Schering-Plough
The Government of Singapore Investment Corporation Pte Ltd (now known as GIC Private Limited), one of Singapore's sovereign wealth funds, bought millions of shares in Schering-Plough Corporation common stock through both self-managed and externally managed accounts. Schering-Plough was a U.S. pharmaceutical company, until its merger with Merck on November 3, 2009. The GIC is being represented by NY-based law firm Kirby McInerney LLP. The GIC is suing Schering-Plough and Merck, alleging the Schering stock purchases were at artificially inflated prices as a result of the pharmaceutical's misconduct...............................................Full Article: Source
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