Merck, insurers settle long-running litigation over $1.4bn cyberattack claim
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Merck, insurers settle long-running litigation over $1.4bn cyberattack claim

Hal Stucker
January 05, 2024
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US pharmaceutical giant Merck has reached an agreement with insurers over its roughly $1.4bn property policy claim arising from the 2017 “NotPetya” cyberattack linked to Russian hackers. 

According to media reports, three of Merck’s insurers filed stipulations with the court on Wednesday, stating that the appeal hearing is dismissed, and the parties will pay their own legal costs.

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Hal Stucker
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