September 3, 2010

ASBESTOS UPDATE: James Hardie Facing Bailout After Losing Appeal

COMPANIES: James Hardie Industries NV
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James Hardie Industries SE’s contributions to the Asbestos Injury Compensation Fund may be in jeopardy after it lost an appeal against a tax ruling, The Australian reports.

The ruling — that the Company owes AU$412 million in unpaid taxes and penalties,…

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TOPICS: Asbestos | Building, Industrial Materials | General News | Legal Issues, Litigation
LOCATIONS: Australia