August 28, 2009

ASBESTOS LITIGATION: Cooper Records $805Mil Liability at June 30

COMPANIES: Cooper Industries Ltd
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As of June 30, 2009, Cooper Industries, Ltd. estimates that the asbestos liability for pending and future indemnity and defense costs for the next 45 years will be US$805 million.

As of March 31, 2009, the Company estimated that the liability…

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