Violation Tracker Individual Record

Company: 
Pfizer
Current Parent Company: 
Pfizer
Penalty: 
$750,000,000
Year: 
2004
Date: 
January 22, 2004
Offense Group: 
safety-related offenses
Primary Offense: 
drug or medical equipment safety violation
Secondary Offense: 
product safety violation
Violation Description: 

In January 2004 Pfizer announced that it had taken a $975 million charge to cover legal costs, including 35,000 personal injury lawsuits alleging that the diabetes drug Rezulin, which had been sold by its subsidiary Warner-Lambert, caused liver damage. The company did not announce the cost of the Rezulin settements, but it was reported that the amount was $750 million: https://pink.pharmaintelligence.informa.com/PS050916/Pfizer-settles-Rezu...

Level of Government: 
federal
Action Type: 
private litigation
Court: 
Southern District of New York
Civil or Criminal Case: 
civil
Case ID: 
1:00cv2843
Case Name: 
In Re: Rezulin Products Liability Litigation
Private Lawsuit Resolution Type: 
settlement
HQ Country of Parent: 
USA
HQ State of Parent: 
New York
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
pharmaceuticals
Specific Industry of Parent: 
pharmaceuticals
Link to PACER Case Docket (must be logged in): 
Source Notes: 
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Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.