Judge Grants Preliminary Approval of $486M Settlement In Pfizer Securities Suit

Mealey's (September 21, 2016, 2:12 PM EDT) -- NEW YORK — A federal judge in New York on Sept. 16 granted preliminary approval of a $486 million settlement in a securities class action lawsuit between shareholders and certain of its executive officers, ruling that the settlement is fair, adequate and reasonable (In re Pfizer Inc. Securities Litigation, No. 04-9866, S.D. N.Y.).

(Order available. Document #57-161017-004R.)

U.S. Judge Laura Taylor Swain of the Southern District of New York granted the motion, which was filed by lead plaintiff Teachers’ Retirement System of Louisiana (TRSL) and class...
To view the full article, register now.