Pfizer Inc.’s non-operating Quigley Co. can end almost nine years in bankruptcy under a plan that will resolve most asbestos claims against the world’s largest drugmaker and its former maker of insulation products, Bloomberg News reported yesterday. Bankruptcy Judge Stuart Bernstein yesterday approved a chapter 11 plan under which Pfizer will contribute assets worth $964 million. He rejected a prior plan almost three years ago, saying that Pfizer was improperly using Quigley’s bankruptcy to shield itself from asbestos claims.
