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Browse: Home / 2012 / February / 15 / Pfizer Knocks Out Securities Class Action Over Alzheimer’s Drug

Pfizer Knocks Out Securities Class Action Over Alzheimer’s Drug

By Securities Docket on February 15, 2012, 2:36 pm

On Friday, Newark, N.J., federal district court judge Susan Wigenton granted a motion to dismiss class action securities fraud claims pending since June 2010 against Pfizer and five former Wyeth executives. In a 14-page decision, Judge Wigenton concluded that the named plaintiff failed to adequately plead that the defendants misled investors about the success of clinical trials for bapineuzumab, a potential blockbuster drug developed by Pfizer and Elan to slow or prevent the effects of Alzheimer’s.

via Pfizer Knocks Out Securities Class Action Over Alzheimer’s Drug — AmLaw Litigation Daily

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Posted in Class Actions, Top | Tagged Dismissals

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