ASBESTOS UPDATE: $20. Mil. Settlement with Sealed Air Investors
COMPANIES:
Sealed Air Corporation, on Dec. 4, 2009, agreed to pay US$20
million to settle a six-year-old class action lawsuit filed by
shareholders who alleged that the Company understated its
liability for litigation caused by purchasing part of an asbestos
manufacturer,…
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.