Merck Settles Lawsuits
Merck and Company has agreed to settle two lawsuits filed by investors who say the drugmaker delayed releasing bad news on cholesterol drugs. The suits claim the company withheld information to prevent a drop in sales for Zetia and Vytorin. Merck has agreed to settle the class action suit brought by several pension funds for $688,000,000.
New Townhome Community in Towamencin
An age restricted townhome community with 24-units could be in the works on seven acres near Walton Farm Elementary School on Allentown Road in Towamencin. The property is owned by Presentation of Our Lord Ukrainian Catholic Church and the idea is to give parishioners a place to retire near their house of worship. The seven acres is currently designated for single family residential use and it would need to be rezoned for cluster development before the project could move forward. The township supervisors say they will schedule a public hearing on the rezoning request after formal plans for the age restricted townhome community are received.