May 29, 2009

ASBESTOS LITIGATION: Magnetek Cites $500,000 Income at March 29

COMPANIES: Magnetek Inc
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Magnetek, Inc.’s condensed consolidated statements of operations, for the nine-month period ended March 29, 2009 included, US$500,000 of income from the Federal-Mogul Corporation asbestos settlement trust in income from discontinued operations.

The Company has been named in asbestos-related lawsuits associated with…

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TOPICS: Asbestos | Electrical Equipment | Electronics | General News | Legal Issues, Litigation
LOCATIONS: United States | Wisconsin