Bulletin: Jury finds Medco guilty; awards STRS $7.8 million

From Damon Asbury to STRS Board members

Sent: Monday, December 19, 2005 3:18 PM

Subject: Medco Trial Decision

The jury completed its deliberations this morning in the STRS lawsuit against Medco. The jury found against Medco and the parent company Merck, on breach of fiduciary obligation and awarded STRS Ohio $7.8 million. The jury was apparently hung on this issue of punitive damages.

At this time, Bill Neville is seeking additional detail from our attorneys in this case and we will have additional data for you at that time.

Damon