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Pfizer forced to defend against asbestos lawsuits.

The Philadelphia Inquirer (6/28, Sell, 306K) reported, “Pfizer has spent the nine years…arguing that bankruptcy law protects it from” asbestos lawsuits stemming from Quigley Company Inc., which made insulation containing asbestos and was bought by Pfizer’s former minerals, pigments, and metals division. Quigley filed for bankruptcy in 2004. Meanwhile, the US Supreme Court has “declined to hear Pfizer’s appeal of a decision by the U.S. Court of Appeals for the Second Circuit, which said the lawsuits could go forward.”

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