Magnetek, Inc. has been named, along with multiple other
defendants, in asbestos-related lawsuits associated with business
operations previously acquired by the Company, but which are no
longer owned.
During the Company’s ownership, none of the businesses produced or
sold asbestos-containing products.…
provides in-depth news coverage of asbestos-related lawsuits affecting public companies. Areas of focus include claim reserves, asbestos-related litigation costs, insurance coverage, compensatory and punitive damages, workers' compensation rulings, Chapter 11 cases involving asbestos product manufacturers, and statistics on asbestos-related lawsuits and claims.