Pfizer Severance Packages

Pfizer Inc. said it began sending notices Monday to the 680 workers at two former Wyeth facilities whose jobs are being eliminated. The New York pharmaceutical company, which acquired Wyeth for $68 billion last year, intends to eliminate 450 jobs effective March 12 at the Collegeville, Pa., site that formerly served as Wyeth’s pharmaceutical headquarters. Our firm has handled numerous Change-In-Control agreements on behalf of former Wyeth employees. Moreover, we are very familiar with the Pfizer severance packages. Please contact us in the event you have been offered a severance package by Pfizer or a Change-In-Control Agreement from Pfizer/Wyeth. Date: January 18, 2010