Pfizer

Second Circuit Revives Shareholders’ Class Action Lawsuit Against Pfizer

The U.S. Court of Appeals for the Second Circuit has resurrected a class action lawsuit filed by Pfizer Inc. shareholders who allege the drug maker misled them about certain pain-relieving drugs and, in turn, cost them billions. In its April 12 decision, the federal appeals court vacated the judgment of the U.S. District Court for the Southern District of New …


Pfizer Must Face Revived Celebrex, Bextra Safety Lawsuit

A federal appeals court on Tuesday revived a class-action lawsuit accusing Pfizer Inc of causing tens of billions of dollars of losses for shareholders by misleading them about the safety of its Celebrex and Bextra pain-relieving drugs. By a 3-0 vote, the 2nd U.S. Circuit Court of Appeals in Manhattan said U.S. District Judge Laura Taylor Swain erred in dismissing the case after preventing …