2nd Circ. Revives Pfizer Securities Suit Over Drug Risks

By Ed Beeson (April 12, 2016, 11:04 AM EDT) -- The Second Circuit on Tuesday revived a securities class action against Pfizer over the alleged hidden health risks of two of its drugs, saying the lower court had improperly excluded an expert who was set to testify on behalf of the plaintiffs and had earlier erred when it granted the drugmaker summary judgment.

In a 63-page opinion remanding the case for further proceedings, the New York federal appeals court said District Judge Laura Taylor Swain's overstepped when she barred a plaintiff expert from testifying at a scheduled 2014 trial on loss causation and damages associated with Pfizer Inc.'s alleged misrepresentations about...

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