Quigley Claimants Win Right To Probe Insurance Pacts

Law360, New York (May 31, 2006, 12:00 AM EDT) -- As a controversial reorganization plan hangs in the balance, a group of asbestos claimants have won bankruptcy court permission to examine the insurance policies held by defunct Quigley Co. Inc. and corporate parent Pfizer Inc., pushing back the unit’s Chapter 11 plan confirmation hearing indefinitely.

Judge Stuart M. Bernstein of the U.S. Bankruptcy Court in Manhattan has ruled that a group of claimants can subpoena records from Quigley connected to the insurance settlements involving it, Pfizer and four insurance companies.

The news comes only a week...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.