Pfizer Executives Can Run, But They Can't Hide!
Written By: Rheingold, Valet, Rheingold, Ruffo & Giuffra LLP
When Pfizer marketed the pain killers Bextra and Celebrex, they conveniently failed to inform the FDA and public of studies showing that the drugs were linked to heart attacks, strokes, blood clots and a life-threatening skin diseases known as Stevens Johnson Syndrome (SJS) and Toxic Epidermal Necrosis (TENS). While our frm was championing litigation for injured plaintiffs, sharholders launched litigation based on the decreased value of Pfizer's stock. Five corporate executives who are alleged to have been aware of this damging information but sis not warn shareholders, filed legal action directly naming the executives. There has been a torutured legal history of whthe the executives were in fact involved and, if so, they could be named individually. A federal judge in Manhattan (Pfizer's corporate headquarters) just confirmed in a ruling that there was enough evidence alleged in order to proceed, in particular pointing to the employees roles in co-promting the drugs with then co-promoter, Pharmacia.Posted By Rheingold, Valet, Rheingold, Ruffo & Giuffra LLP Categories: