Investors Say Pfizer Destroyed Files On Celebrex, Bextra

Law360, New York (November 21, 2012, 5:43 PM EST) -- Pfizer Inc. destroyed or concealed millions of pages of documents in hopes of undermining a securities class action over risks of arthritis drugs Celebrex and Bextra and should be sanctioned, investors told a New York federal judge Friday.

The drugmaker’s shareholders, who say they lost huge sums of money after the medicines were blamed for serious side effects, accuse Pfizer of hiding the existence of 2,000 “eRooms” where documents were organized and later dismantling the rooms after litigation commenced.

In addition, the company lied about the...
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