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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
Further Information Released
Settlement Agreement 2/17/2015
Amended Complaint 4/15/2011

See also:

Federal Contractor Misconduct Database