Pfizer may not be able to recover the $75.2 million that was left from a Securities and Exchange Commission insider trading settlement with SAC Capital Management.
Reuters reported that U.S. District Judge Victor Marrero in Manhattan denied the petition of Pfizer to recoup the left over from the settlement with billionaire Steven A. Cohen owned hedge fund, citing that Wyeth, which was acquired by Pfizer in 2009, did not meet the criteria to be called as a victim of the violation of SEC rules.
