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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
Mega-Scandal: Pharmaceutical Hazards
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: (click here)
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 Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: pharmaceuticals
Specific Industry of Current Parent: pharmaceuticals
Source of Data: (click here)
Link to PACER Case Docket (must be logged in): (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.