August 28, 2009

ASBESTOS LITIGATION: Cooper Records $180M Receivable at June 30

COMPANIES: Cooper Industries Ltd
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Cooper Industries, Ltd.’s asbestos receivable for recoveries of costs from insurers, as of June 30, 2009, amounted to US$180 million, of which US$65.7 million relate to costs previously paid or insurance settlements.

As of March 31, 2009, the Company’s asbestos receivable…

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TOPICS: Asbestos | Electrical Equipment | Electronics | General News | Legal Issues, Litigation | Machinery/Misc Manufacturing
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