Quigley Chapter 11 plan confirmation affirmed by district court order

By Caroline Salls

Pittsburgh, Aug. 2 - The confirmation of Quigley Co., Inc.'s Chapter 11 reorganization plan was affirmed on July 30 by the U.S. District Court for the Southern District of New York, according to a Friday filing with the U.S. Bankruptcy Court for the Southern District of New York.

The plan was confirmed by the bankruptcy court on July 2.

District court affirmation is required before asbestos personal injury and settling asbestos insurance entity permanent channeling injunctions included in the plan can become valid and enforceable, the company said in its motion for affirmation.

In the July 30 order, the district court directed Quigley to immediately proceed with implementation of the plan and establish an asbestos personal injury trust in accordance with the plan.

Quigley, a unit of New York-based Pfizer Inc., filed for bankruptcy on Sept. 3, 2004. Its Chapter 11 case number is 04-15739.

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