May 22, 2009

ASBESTOS LITIGATION: Foster Wheeler Sees $25.9M Insurance Asset

COMPANIES: Foster Wheeler AG
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Foster Wheeler AG, as of March 31, 2009, estimated the value of its unsettled asbestos insurance asset related to ongoing litigation in New York state court with its subsidiaries’ insurers at US$25.9 million.

As of Dec. 26, 2008, the Company estimated…

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TOPICS: Asbestos | General News | Legal Issues, Litigation | Machinery/Misc Manufacturing
LOCATIONS: New York | Switzerland | United States