« Nets: At the break | Main | Countdown to Kelo: Towns and Cities in America expect to see effect from court ruling »

February 18, 2005

Pfizer is a good citizen

Pfizer Statement: Key Facts Regarding U.S. Supreme Court Hearing
Feeling the heat over the Supreme Court case of Kelo v. New London, Pfizer has issued a release to distance itself from the city's land grab, which the City of New London has claimed was necessary to create housing and amenities for employees at the new Pfizer plant.

Date : Thursday - February 17, 2005

NEW LONDON, Conn., Feb. 17 /PRNewswire-FirstCall/ -- The following statement is issued by Pfizer Inc to assist understanding of the company's position regarding a case that will be heard on February 22 before the U.S. Supreme Court (Kelo vs. City of New London and New London Development Corporation).

The headquarters of Pfizer Global Research & Development are in New London CT, but contrary to some recent reports:

  • The role of Pfizer is not material to this case. Pfizer was never named as a party to the lawsuit and the company has no stake in the outcome.
  • Eminent domain played no part in the company's purchase of land in New London.
  • Pfizer has no requirements for the proposed development and expects no material benefit.

Pfizer is a good citizen and has delivered all its promises to the State and City. The corporation brought 1500 jobs to New London and is the city's largest single taxpayer. It is a major source of philanthropic and volunteer contributions. Pfizer has also delivered benefit by choosing to build on a derelict urban brown field, and investing in environmental remediation.

Pfizer Inc

CONTACT: Stephen Lederer, +1-860-732-9783, pager: 1-877-549-9848, stephen.f.lederer@pfizer.com, or Liz Power, +1-860-732-4987, cell: +1-860-625-9360, elizabeth.power@pfizer.com, both of Pfizer Inc

Web site: http://www.pfizer.com/

Company News On-Call: Pfizer's press releases are available through PR Newswire's Company News On-Call service on PRN's Web Site. Visit http://www.prnewswire.com/comp/688250.html

Company News On-Call: http://www.prnewswire.com/comp/688250.html

Posted by lumi at February 18, 2005 6:52 AM