|  | | 2012 News and Press Releases | | |
SETTLEMENT NEWS:
Pfizer Inks $164M Settlement In Celebrex Securities Suit
Brian Mahoney
Law360 - Securities. October 9, 2012
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EXCERPT -- Pfizer Inc. agreed Friday to pay $164 million to settle a certified securities fraud class action in New Jersey federal court alleging it made materially false statements about a clinical study of blockbuster anti-inflammatory drug Celebrex, ending a much-publicized case that was set for trial later this month. In settlement documents filed before U.S. District Judge Anne E. Thompson, the lead plaintiffs said Pfizer agreed to pay $164 million in cash to settle claims that it and Pharmacia Corp., which merged with Pfizer in 2003, misled... |
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