Corning Incorporated recorded a net credit of US$28 million in
the three months ended Dec. 31, 2008 (US$340 million in the year
ended Dec. 31, 2008) to adjust the asbestos liability for the
change in value of certain components of…
provides in-depth news coverage of asbestos-related lawsuits affecting public companies. Areas of focus include claim reserves, asbestos-related litigation costs, insurance coverage, compensatory and punitive damages, workers' compensation rulings, Chapter 11 cases involving asbestos product manufacturers, and statistics on asbestos-related lawsuits and claims.