Fourth Largest Pharmaceutical Settlement Received in United States History
MIAMI – On September 25, 2009, The Honorable Charles R. Breyer, United States District Judge for the Northern District of California, in San Francisco approved the $89 Million proposed nationwide class action settlement with Pfizer, Inc. involving the marketing of the prescription drugs Bextra and Celebrex. The settlement funds will be distributed to consumers and insurance companies or other entities, such as third-party payors that purchased either medicine before July 29, 2005.
“We’re pleased with the Court’s approval of the proposed settlement, and feel that the funds were allocated fairly to all those involved,” said Lance Harke.
The Miami-based commercial litigation and consumer class action law firm of Harke & Clasby LLP, (www.harkeclasby.com) served as consumer allocation counsel for the Bextra or Bextra and Celebrex Consumer Subclass and assisted the court in dividing the settlement funds between Bextra and Celebrex consumers, along with third party payors, such as providers, insurance companies, union health and welfare plans, and self-insured employers.
The lawsuit claimed that Pfizer falsely advertised Bextra and Celebrex as having greater benefits than less expensive pain medications, causing consumers and other entities to pay a greater price for Bextra and Celebrex than they would have otherwise paid for less expensive alternatives. The lawsuit also claimed that the advertising was not consistent with Food and Drug Administration approved labeling.
Miami-based Harke & Clasby LLP was established by founding partner and trial lawyer, Lance Harke in 2000. The firm represents clients throughout the state of Florida and in courts across the country in a wide range of commercial law matters related to commercial litigation, business torts, consumer class actions, securities class actions, product liability, insurance litigation, general civil litigation, general commercial litigation, civil appeals, prescription drug issues, employment matters, bad faith issues, professional malpractice, medical malpractice, and appellate practice.
Contact: Kristine Bruner of Pristine Public Relations, (954) 376-3683, or via e-mail at firstname.lastname@example.org for Harke & Clasby LLP.