June 26, 2009

ASBESTOS LITIGATION: Insurer to Pay $16M to Resolve Pfizer Cases

COMPANIES: OneBeacon Insurance Co | Pfizer Inc | Quigley Co Inc
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Pfizer Inc.’s Quigley subsidiary said OneBeacon Insurance Co. agreed to pay more than US$16 million to resolve a dispute over asbestos liability, Bloomberg reports.

Quigley has been in bankruptcy since 2004. A Pfizer unit since 1968, Quigley no longer operates and…

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TOPICS: Asbestos | Biotechnology | Commercial Services | Drugs/Pharmaceuticals | General News | Insurance | Legal Issues, Litigation | Medical Supplies | Medical Technology
LOCATIONS: New York | United States