{"id":541,"date":"2012-12-12T10:00:00","date_gmt":"2012-12-12T16:00:00","guid":{"rendered":"http:\/\/chicagomedicalmalpracticeattorney-blog.lawblogger.net\/?p=541"},"modified":"2019-10-17T06:12:02","modified_gmt":"2019-10-17T11:12:02","slug":"a_class-action_lawsuit_brought_by","status":"publish","type":"post","link":"https:\/\/www.robertkreisman.com\/medical-malpractice-lawyer\/a_class-action_lawsuit_brought_by\/","title":{"rendered":"$67.5 Million Shareholder Settlement with Pfizer over Pristiq"},"content":{"rendered":"<p>A class-action lawsuit brought by a named plaintiff, City of Livonia Employees&#8217; Retirement System, has resulted in a $67.5 million settlement of the class-action lawsuit brought by former shareholders of <a href=\"http:\/\/en.wikipedia.org\/wiki\/Wyeth\">Wyeth, Inc<\/a>. The lawsuit alleged that shareholders were misled about the risks associated with the antidepressant, <a href=\"http:\/\/www.pristiq.com\/\">Pristiq<\/a>.<\/p>\n<p>The settlement was made public on Nov. 9, 2012, one month after <a href=\"http:\/\/www.pfizer.com\/home\/\">Pfizer<\/a> agreed to pay $164 million to settle a separate lawsuit accusing it of misleading investors about clinical trial results for the arthritis drug, Celebrex.<\/p>\n<p>When the <a href=\"http:\/\/www.fda.gov\/\">U.S. Food and Drug Administration<\/a> refused to approve Pristiq to treat &#8220;hot flashes&#8221; in post-menopausal women until it learned more about the potential for heart and liver side effects, Wyeth share value lost more than $7.6 billion.<\/p>\n<p> <a href=\"https:\/\/www.robertkreisman.com\/medical-malpractice-lawyer\/a_class-action_lawsuit_brought_by\/#more-541\" class=\"more-link\">Continue reading<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A class-action lawsuit brought by a named plaintiff, City of Livonia Employees&#8217; Retirement System, has resulted in a $67.5 million settlement of the class-action lawsuit brought by former shareholders of Wyeth, Inc. The lawsuit alleged that shareholders were misled about the risks associated with the antidepressant, Pristiq. The settlement was made public on Nov. 9, [&hellip;]<\/p>\n","protected":false},"author":795,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"enabled":false},"version":2}},"categories":[22],"tags":[],"class_list":["post-541","post","type-post","status-publish","format-standard","hentry","category-pharmaceutical-errors"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>$67.5 Million Shareholder Settlement with Pfizer over Pristiq &#8212; Chicago Medical Malpractice Attorney Blog<\/title>\n<meta name=\"description\" content=\"A class-action lawsuit brought by a named plaintiff, City of Livonia Employees&#039; Retirement System, has resulted in a $67.5 million settlement of the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.robertkreisman.com\/medical-malpractice-lawyer\/a_class-action_lawsuit_brought_by\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"$67.5 Million Shareholder Settlement with Pfizer over Pristiq &#8212; Chicago Medical Malpractice Attorney Blog\" \/>\n<meta name=\"twitter:description\" content=\"A class-action lawsuit brought by a named plaintiff, City of Livonia Employees&#039; Retirement System, has resulted in a $67.5 million settlement of the\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Robert Kreisman\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"$67.5 Million Shareholder Settlement with Pfizer over Pristiq &#8212; 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