Former Asbestos Maker Denied Bankruptcy Exit
Posted on Oct 21, 2010 8:50pm PDT
A judge has rejected Quigley's fourth reorganization plan and also recommended that all parties involved should discuss dismissing the case altogether. The judge believed that the plan was filed in "bad faith." The judge believes that Pfizer, who is connected to the company, bought enough votes of approval on the plan to make sure anything would be accepted.
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