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

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…

ASBESTOS LITIGATION: Court to Set Quigley Hearing After March 16

The U.S. Bankruptcy Court for the Southern District of New York has scheduled a confirmation hearing of Quigley Company, Inc.’s (a Pfizer Inc. subsidiary) Plan of Reorganization to be held sometime after March 16, 2009.

After that time, the Bankruptcy Court…