Derivative Suit Filed In Wake Of Record Pfizer Payout

Law360, New York (September 11, 2009, 4:03 PM EDT) -- The entire board of directors at Pfizer Inc. and certain executives have been smacked with a shareholder derivative lawsuit alleging they harmed the company by promoting prescription drugs for unapproved, off-label uses.

The suit was filed Sept. 10 in the U.S. District Court for the Southern District of New York, just eight days after Pfizer agreed to pay a record $2.3 billion in civil and criminal fines.

It accuses 17 individual defendants, including CEO Jeffrey B. Kindler and CFO Frank D'Amelio, of breach of fiduciary duties...
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Case Information

Case Title

In re Pfizer Inc. Shareholder Derivative Litigation

Case Number



New York Southern

Nature of Suit

Other Statutory Actions


Jed S. Rakoff

Date Filed

September 10, 2009

Law Firms


UK Financial Services

UK Financial Services

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