February 27, 2009

ASBESTOS LITIGATION: Philips Cites EUR640M for Loss Contingency

COMPANIES: Koninklijke Philips Electronics NV
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Koninklijke Philips Electronics N.V.’s recorded provision for loss contingencies on asbestos product liability amounted to EUR640 million at Dec. 31, 2008 (EUR316 million at Dec. 31, 2007), according to a Company report, on Form 6-K, filed with the Securities and…

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TOPICS: Asbestos | Electronics | General News | Legal Issues, Litigation
LOCATIONS: Netherlands