Pfizer Inc. may be about to solve his unit Quigley bankruptcy seven years as the largest pharmaceutical company in the world has finally reached an agreement with the asbestos victims. Asbestos is a mineral fiber that is very toxic known to cause fatal diseases such as asbestosis, respiratory lung cancer and mesothelioma, a rare lung protective coating.
In September 2010, U.S. Bankruptcy Judge Stuart Bernstein Quigley not to emerge from Chapter 11 court protection because he thought that Pfizer had manipulated the bankruptcy process. However, according to documents filed in New York, the Mach 20, Pfizer and a committee of asbestos victims have reached an agreement, attorneys say Quigley "solve legal problems and equitable under the plan, including the strengthening of the distributions for the current applicants and holders of future demand, improving the reorganization of the long-term viability Quigley, correctness and concern in good faith. "
Quigley asbestos claims next 42 years is expected to total $ 4,450,000,000 of the certificate will be issued in September. New Deal, if approved by the Court of asbestos that the applicants can vote for the plan's failure Quigley and waive a jury trial in exchange for asbestos was in the custody of the applicant of 264900000 dollars in cash and stock all the re-Quigley .
An ad hoc committee representing 43,100 asbestos victims. These plaintiffs developed illnesses such as malignant mesothelioma and asbestos cancer other exposure to a number of asbestos products made by Quigley.
In September 2010, U.S. Bankruptcy Judge Stuart Bernstein Quigley not to emerge from Chapter 11 court protection because he thought that Pfizer had manipulated the bankruptcy process. However, according to documents filed in New York, the Mach 20, Pfizer and a committee of asbestos victims have reached an agreement, attorneys say Quigley "solve legal problems and equitable under the plan, including the strengthening of the distributions for the current applicants and holders of future demand, improving the reorganization of the long-term viability Quigley, correctness and concern in good faith. "
Quigley asbestos claims next 42 years is expected to total $ 4,450,000,000 of the certificate will be issued in September. New Deal, if approved by the Court of asbestos that the applicants can vote for the plan's failure Quigley and waive a jury trial in exchange for asbestos was in the custody of the applicant of 264900000 dollars in cash and stock all the re-Quigley .
An ad hoc committee representing 43,100 asbestos victims. These plaintiffs developed illnesses such as malignant mesothelioma and asbestos cancer other exposure to a number of asbestos products made by Quigley.
