04/10/2012 09:27:01 AM EST
Reconsideration Denied In Pfizer Shareholder Class Action Lawsuit
NEW YORK - A federal judge in New York on March 22 refused to grant a motion for reconsideration filed by Pfizer Inc. and certain of its executive officers in a securities class action, ruling that the defendants have failed to provide evidence sufficient to warrant reconsideration or demonstrate a level of bad faith on the part of a shareholder "that might warrant the imposition of a terminal sanction dismissing" the shareholder's claims (In re Pfizer Inc. Securities Litigation, No. 04-9866, S.D. N.Y.; 2012 U.S. Dist. LEXIS 39449; See July 2008, Page 22).
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