Monday, June 24, 2013

Pfizer still on the asbestos hook

he U.S. Supreme Court refused to shield Pfizer Inc. from some asbestos lawsuits connected to its Quigley Co. subsidiary, a bankrupt unit that stopped most operations in 1992.
The justices today rejected Pfizer’s appeal of a ruling that opened the New York-based drugmaker to some claims related to Quigley, which made asbestos-containing products for the steel industry from the 1940s to the 1970s. Pfizer acquired Quigley in 1968. Asbestos, once widely used an insulator, was later shown to cause cancer.

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