US Trustee Rips Pfizer Unit Quigley's Newest Ch. 11 Plan

Law360, New York (August 9, 2012, 10:43 PM EDT) -- A U.S. trustee on Wednesday knocked the latest disclosure statement from bankrupt Quigley Co. Inc., saying the Pfizer Inc. subsidiary had failed to explain how its recently proposed Chapter 11 reorganization differed from the plan the New York court refused to confirm two years earlier.

The court should reject Quigley's new disclosure statement, U.S. Trustee Tracy Hope Davis said in her objection, because it not only lacks adequate information for creditors, but also supports a Chapter 11 plan that is “patently unconfirmable.”

Moreover, Davis said that...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Quigley Company, Inc.


Case Number

1:04-bk-15739

Court

New York Southern

Nature of Suit

Date Filed

September 3, 2004

Law Firms

Companies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.