Defunct Pfizer Unit Ends Appeal Of $8.7M Asbestos Verdict

Law360, Houston (April 11, 2013, 8:00 PM EDT) -- A Texas appeals court on Thursday overturned an $8.7 million judgment against Pfizer Inc. and its defunct subsidiary Quigley Co. Inc. after the company announced it had reached a settlement in bankruptcy court with a group of asbestos victims.

The Ninth District Court of Appeals vacated a 2003 judgment in favor of Sammy Ray Acker and others who had claimed they suffered asbestos exposure from coming in contact with Quigley’s industrial products, removing a hurdle to the company’s upcoming confirmation bid of its Chapter 11 reorganization...
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