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IN RE PFIZER INC. SHAREHOLDER DERIVATIVE LITIG.

Master File No.: 09 Civ. 7822 (JSR).

722 F.Supp.2d 453 (2010)

In re: PFIZER INC. SHAREHOLDER DERIVATIVE LITIGATION.

United States District Court, S.D. New York.

July 13, 2010.

Attorney(s) appearing for the Case

Ira M. Press, David E. Kovel, Edward Michael Varga, Kirby McInerney LLP, Gerald Harlan Silk, Jeroen Van Kwawegen, Mark Lebovitch, Noam Noah Mandel, Beata Gocyk-Farber, David Lloyd Wales, Bernstein Litowitz Berger & Grossmann LLP, Curtis Victor Trinko, Law Offices of Curtis V. Trinko, LLP, New York, NY, Brett Stecker, Robert Weiser, the Weiser Law Firm, P.C., Wayne, PA, David Avi Rosenfeld, Robbins Geller Rudman & Dowd LLP, Melville, NY, Daniel E. Bacine, A. Arnold Gershon, Julie B. Palley, Barrack, Rodos & Bacine, Philadelphia, PA and New York, NY, for Plaintiffs.

Dennis J. Block, Gregory Arthur Markel, Jason Michael Halper, Cadwalader, Wickersham & Taft LLP, James P. Rouhandeh, Robert B. Fiske, Jr., Ross Bradley Galin, Davis Polk & Wardwell L.L.P., New York, NY, for Defendants.

OPINION AND ORDER

JED S. RAKOFF, District Judge.

On September 2, 2009, the United States Department of Justice announced that Pfizer, Inc. had agreed to pay $2.3 billion in fines and penalties arising from the illegal "off-label" marketing by Pfizer and one of its subsidiaries of various regulated drugs. Immediately thereafter, several derivative actions were commenced, mostly by institutional investors, seeking recovery on behalf of the company from...

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