Pfizer Awarded 29 Million Dollars in SEC Settlement
Judge Victor Marrero awarded Pfizer 29 million dollars from a 2013 insider trading settlement fund. The company agreed to drop its appeal for the remaining cash.
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A federal judge in the United States has approved a settlement awarding Pfizer Inc. $29 million to resolve a long-standing dispute with federal regulators. The payout, authorized by U.S. District Judge Victor Marrero in Manhattan, stems from a 2013 insider trading settlement involving SAC Capital Management, the former hedge fund of billionaire Steven A. Cohen.
