Pfizer Ducks Class Cert. In ERISA Suit Over Wyeth Merger

Law360, New York (March 4, 2013, 8:30 PM EST) -- A Pennsylvania federal judge on Thursday refused to certify a class of former Pfizer Inc. workers who allege they were wrongfully denied severance benefits after the company's $68 billion acquisition of Wyeth Pharmaceuticals, ruling that the claims of the class were time-barred.

U.S. District Judge Norma L. Shapiro ruled that the proposed class of 42 former Pfizer employees did not meet the numerosity requirement — not because the 42-member class itself was too small — but because the unnamed plaintiffs failed to request benefits within 60...
To view the full article, register now.