Welcome to the Pfizer Inc. Securities Litigation Website
This website has been established to provide general information related to the Pfizer Inc. (“Pfizer”) Securities Litigation. This Action is pending before the United States District Court Southern District of New York.
Beginning on May 11, 2010, a number of class action lawsuits were filed against Pfizer and certain Pfizer officers (collectively, the “defendants”) by current or former Pfizer stockholders alleging violations of the federal securities laws. The cases were consolidated before the Honorable Alvin K. Hellerstein in the United States District Court for the Southern District of New York, and the case is presently styled Mary K. Jones, Individually and on Behalf of All Others Similarly Situated v. Pfizer Inc., et al., Civil Action No. 1:10-cv-03864-AKH (the “Litigation”). By an order dated November 4, 2010, the Court appointed Stichting Philips Pensioenfonds as “lead plaintiff” pursuant to the requirements of the Private Securities Litigation Reform Act of 1995.
On March 29, 2012, the Court issued an order appointing Stichting Philips Pensioenfonds and Mary K. Jones as class representatives and certifying a “Class” that consists of:
All persons who purchased domestically or purchased on domestic exchanges Pfizer common stock between 1/19/06 and 1/23/09, inclusive, and were damaged thereby, excluding defendants and their families, directors and officers of Pfizer, and their families and affiliates.
A settlement has been reached in the Litigation between Lead Plaintiff and Defendants, the terms and conditions of which are set forth in the Stipulation and the Exhibits thereto. A portion of the settlement proceeds will be used to pay attorneys’ fees and expenses to Lead Plaintiff’s counsel and Lead Plaintiff’s and Class Representative Mary K. Jones’ expenses, to pay for this Notice and the processing of claims submitted by Class Members, and to pay Taxes and Tax Expenses. The balance of the Settlement Fund (the “Net Settlement Fund”) will be distributed to Class Members who submit valid and timely Proofs of Claim.
The proposed settlement will create a cash fund in the principal amount of Four Hundred Million Dollars ($400,000,000.00) (the “Settlement Amount”), plus any interest that may accrue thereon (the “Settlement Fund”).
Although the information in this website is intended to assist you, it does not replace the information contained in the Notice of Pendency of Class Action the ("Notice of Pendency"), the Notice of Proposed Settlement of Class Action, and the Stipulation of Settlement. These and other relevant case documents can be found and downloaded from the Case Documents page of this website. We recommend that you read the Notice and other relevant case documents carefully and in their entirety.
|Deadline to Submit Proof of Claim:
||July 30, 2015
|Request Exclusion from Class:
||May 21, 2015
|File Objection to the Settlement:
||May 21, 2015
|Court Hearing on Fairness of Settlement:
||July 30, 2015 at 2:30 p.m.