Asbestos Victims Attack Pfizer Over Bankruptcy Plan

Law360, New York (July 9, 2007, 12:00 AM EDT) -- A group of asbestos victims has accused drug maker Pfizer Inc. of perverting the bankruptcy process by hiding behind the Chapter 11 protection of former subsidiary Quigley Co. in order to dodge responsibility.

The so-called ad hoc committee of tort victims, which has urged the judge overseeing the case to block Quigley's “fatally flawed” bankruptcy exit plan, claimed the pharmaceutical giant is using the bankruptcy laws “to avoid responding in court to the claims of countless dying cancer victims.”

The group, suffering from asbestos-related diseases after...
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