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Pfizer Settlement

Do Corporate Fines and Punitive Damage Awards Serve Their Purpose?

Judge H. Lee Sarokin | Posted 10.19.2009 | Business

Read More: Corporate Fines, Punitive Damages, Pfizer Settlement, Shareholders, Ceos, New York Times, Corporate Boards, Federal Judge, Cfos, Deterrence, Business News
Judge H. Lee Sarokin

Pfizer agreed to pay $2.3 billion to settle fraud claims regarding its marketing practices -- the largest criminal fine of any kind ever. But it's the shareholders, and not the corporate officers, who will be punished.

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Pfizer To Pay Record $2.3B Penalty For Illegal Drug Promotions

AP | DEVLIN BARRETT | Posted 10.18.2009 | Business

Read More: Pfizer, Drug Promotions, Pharmaceutical Industry, Pfizer Settlement, Business News

WASHINGTON — Federal prosecutors hit Pfizer Inc. with a record-breaking $2.3 billion in fines Wednesday and called the world's largest drugmaker...

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Illinois Nets $3M In Pfizer Settlement

AP | Posted 11.22.2008 | Chicago

Read More: Pfizer Suit Illinois, Pharmaceutical Industry, Pfizer Settlement, Pfizer, Bextra, Food and Drug Administration, Lisa Madigan, Celebrex Lawsuit, Chicago News

(AP) -- Attorney General Lisa Madigan says Illinois will receive $3 million from a $60 million settlement with Pfizer over the marketing of the drug m...

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Pfizer Reaches Massive Settlement In Celebrex, Bextra Lawsuits

AP | LINDA A. JOHNSON | Posted 11.17.2008 | Business

Read More: Pfizer, Pfizer Lawsuit, Pfizer Settlement, Celebrex Lawsuit, Celebrex Side Effects, Celebrex Settlement, Pharmaceutical Industry, Big Pharma, Business News

TRENTON, N.J. — Drug giant Pfizer Inc. has reached an $894 million deal to settle the bulk of the lawsuits over its withdrawn pain reliever Bext...

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