Welcome to the Pfizer Securities Litigation Settlement Website

On February 8, 2019, pursuant to the Court’s Order Authorizing Distribution of the Net Settlement Fund and Payment of Settlement Administrator’s Costs, payments were made to Authorized Claimants whose claims were approved by the Court for payment subject to the requirements set forth in the Distribution Order. Authorized Claimants whose distribution amounts were less than the $10.00 threshold requirement did not receive a payment.

This website provides important information concerning the Settlement of the class action lawsuit brought on behalf of all persons and entities who purchased and/or otherwise acquired Pfizer Inc. ("Pfizer" or "PFE") common stock between and including October 31, 2000 and October 19, 2005.

This class action lawsuit was brought by investors alleging, among other things, that Defendants violated the federal securities laws by making false, misleading or incomplete statements regarding the cardiovascular risks of Celebrex and Bextra. Defendants vigorously denied and disputed Plaintiffs’ claims.

The Settlement resulted in the creation of a cash settlement fund in the principal amount of $486,000,000, plus any interest that may accrue thereon (the “Settlement Fund”). A portion of the Settlement Fund will be used to pay for, among other things, the expense of class notice and administration of the Settlement, taxes and tax-related expenses, Court-awarded attorneys’ fees and expenses to Plaintiffs’ Counsel and Court-awarded reimbursement of costs and expenses to Plaintiffs. The balance of the Settlement Fund will be available for distribution to Class Members who submitted valid and timely Claim Forms, according to a Court-approved Plan of Allocation.

On September 16, 2016, the Court in charge of the In re Pfizer Inc. Securities Litigation preliminarily approved the Settlement, authorized the Settlement Notice to be disseminated to potential Class Members, and scheduled the Final Approval Hearing to consider whether to grant approval to the Settlement. On December 21, 2016, the Court issued an Order Approving Settlement and Final Judgment. The claims administrator has distributed over 4 million notices in connection with the Settlement and processed approximately 770,000 Claim Forms. On October 24, 2018, Lead Counsel filed Plaintiffs’ Motion for Distribution of the Net Settlement Fund with the Court. We are currently awaiting the Court’s Order approving this Motion and the related claim determinations so that we may begin distributing checks to Authorized Claimants whose Pro Rata Payment Amounts calculate to $10.00 or greater. We do not know how long it will take the Court to enter its Order. Please continue to check this website for additional updates.

Please be sure to read the Settlement Notice to fully understand your rights.