Supreme Court Spurns Pfizer Asbestos Liability Fight

Law360, New York (June 24, 2013, 1:01 PM EDT) -- The U.S. Supreme Court on Monday rejected Pfizer Inc.'s bid to overturn a Second Circuit ruling that a subsidiary's bankruptcy cannot shield the company from millions in asbestos claims brought by the law firm of Baltimore Orioles owner Peter Angelos.

The high court's decision to deny writ of certiorari aligns with a May brief by the U.S. solicitor general, who argued that a ban on asbestos claims in the Bankruptcy Code does not protect parent companies like Pfizer who endorse the allegedly defective products from suits...
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