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Violation Tracker Individual Record

Company: Pfizer Inc.
Current Parent Company: Pfizer
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $700,000
Year: 2018
Date: October 11, 2018
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Pfizer agreed to pay $700,000 as part of the settlement of an investigation of its business and advertising practices for its copayment coupon program. As part of the program, consumers were told that they would pay no more than $15 or $20, for example, for certain drugs but ended up spending far more at the pharmacy cash register.
Level of Government: state
Action Type: agency action
Agency: New York Attorney General
Civil or Criminal Case: civil
Facility State: New York
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: A.G. Underwood Announces Settlement With Pfizer for Deceptive Advertising in 'Pay No More Than' Drug Copayment Card Program, Targeted News Service, October 11, 2018 (via Nexis).
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.