November 20, 2009

ASBESTOS UPDATE: Foster Wheeler Records $25.9Mil Insurance Asset

COMPANIES: Foster Wheeler AG
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Foster Wheeler AG, as of Sept. 30, 2009, estimated the value of its unsettled asbestos insurance asset related to ongoing litigation in New York state court with its subsidiaries’ insurers at US$25.9 million.

The litigation relates to the amounts of insurance…

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TOPICS: Asbestos | Construction/Engineering | General News | Legal Issues, Litigation | Machinery/Misc Manufacturing
LOCATIONS: Switzerland | United States