Judge Approves Quigley’s Bankruptcy Plan; Pfizer to Contribute $964 Million in Assets

NEW YORK –– A judge overseeing Quigley Company Inc.’s bankruptcy proceedings has confirmed its reorganization plan, which reportedly includes a pledge from the asbestos defendant’s parent company, Pfizer Inc., to contribute approximately $964 million to a fund covering the asbestos liabilities.

In a July 2 order, Judge Stuart M. Bernstein of the U.S. Bankruptcy Court for the Southern District of New York entered an order recommending the confirmation of Quigley’s fifth amended reorganization plan, which would end the bankruptcy proceedings nearly nine years after they began.

According to a notice filed shortly before the confirmation, Judge Bernstein had presided …