August 13, 2010

ASBESTOS UPDATE: Foster Wheeler Still Has $3.7MM Insurance Asset

COMPANIES: Foster Wheeler AG
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Foster Wheeler AG, as of June 30, 2010, estimated the value of its unsettled asbestos insurance asset related to ongoing litigation in New York state court with its subsidiaries’ insurers at US$3.7 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