May 15, 2009

ASBESTOS LITIGATION: Union Carbide Still Has $403Mil Receivable

COMPANIES: Union Carbide Corp
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Union Carbide Corporation’s receivable for insurance recoveries related to its asbestos liability was US$403 million at both March 31, 2009 and Dec. 31, 2008.

At Dec. 31, 2002, the Company increased the receivable for insurance recoveries related to its asbestos liability…

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TOPICS: Asbestos | Chemicals/Petrochemicals/Plastics | General News | Legal Issues, Litigation
LOCATIONS: Texas | United States