Pfizer Celebrex Suit Stayed Pending High Court Case

Law360, New York (June 23, 2009, 12:00 AM EDT) -- A judge has stayed a securities fraud class action accusing Pfizer Inc. of misrepresenting clinical studies of arthritis painkiller Celebrex because the U.S. Supreme Court has decided to take on a similar case.

In an order filed Wednesday, Judge Anne E. Thompson of the U.S. District Court for the District of New Jersey stayed the case. She said Merck & Co. Inc. et al. v. Richard Reynolds et al., which the Supreme Court agreed to hear in May, raised similar questions of law and fact....
To view the full article, register now.