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Federal Contractor Misconduct Database (FCMD)
The federal government routinely awards contracts to companies with
histories of misconduct, including
…
contract fraud and other
violations. POGO believes that providing this website will help to
improve contracting decisions and increase public knowledge of how
the government spends billions of taxpayer dollars each year.
Read more…
Illegal Marketing Shareholder Class Action Lawsuit
Pfizer paid $400 million to settle a class-action lawsuit accusing the company of misleading investors regarding its off-label marketing practices between 2006 and 2009. The lawsuit alleged that Pfizer made false statements to shareholders about the off-label marketing of its products—including Bextra, Geodon, Zyvox, and Lyrica—and about government investigations of those practices that led to a $2.3 billion settlement in 2009 (see Pfizer instance, “Illegal Marketing of Bextra and Other Drugs”) and a drop in the price of Pfizer stock.
- Misconduct Type
- Securities
- Enforcement Agency
- Non-Governmental
- Contracting Party
- None
- Court Type
- Civil
- Disposition
- Settlement
- Date of Original Complaint
- 5/11/2010
| Contractors Involved |
Penalty |
| Total |
|
| Pfizer, Inc. |
$400,000,000
|
