May 6, 2011

ASBESTOS UPDATE: Crown Accrues $249MM for Future, Pending Claims

COMPANIES: Crown Holdings Inc (fka Crown Cork & Seal Co Inc)
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Crown Holdings, Inc.’s accrual for pending and future asbestos- related claims and related legal costs was US$249 million as of Dec. 31, 2010, including US$196 million for unasserted claims.

The Company’s accrual includes estimates for probable costs for claims through the…

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TOPICS: Asbestos | Containers/Packaging | General News | Legal Issues, Litigation
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