September 11, 2009

ASBESTOS UPDATE: Ex-Hardie Execs Penalized for Exposure Actions

COMPANIES: James Hardie Industries NV
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The New South Wales Supreme Court, on Aug. 20, 2009, penalized former executives and directors of James Hardie Industries N.V. for breaching the Corporations Act in 2001 regarding the adequacy of asbestos compensation funding, Bloomberg reports.

Hardie was fined AUD80,000 (US$66,467)…

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