Quigley asks for 120-day extension to exclusive periods

New York, Dec. 7 - Quigley Co. Inc. asked the U.S. Bankruptcy Court for the Southern District of New York to extend its exclusive period to file a plan of reorganization by 120 days to May 3, 2005 from Jan. 3, 2005 and its exclusive period to solicit acceptances by 120 days to July 5, 2005 from March 4, 2005.

In a filing Tuesday requesting more time, Quigley noted its case is large and complex.

In addition, the company said it and its parent Pfizer Inc. have made progress on negotiating a plan, holding talks with representatives of future asbestos personal injury claimants on the principal terms of a plan, and the distribution procedures for a trust.

Quigley also noted it has had to spend "a significant amount of time" responding to a motion to recuse bankruptcy judge Prudence Beatty, filed by the creditors committee and some asbestos claimants.

The bankruptcy case number for Quigley is 04-15739.

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