A Harbinger Capital Partners affiliate, on May 26, 2009, won court approval to try to reorganize Asarco LLC, making the hedge-fund manager the third group trying to take over the bankrupt copper miner, Bloomberg reports.
On May 26, 2009, U.S. Bankruptcy…
General Motors Corporation’s liability for asbestos-related matters was US$627 million at March 31, 2009, US$648 million at Dec. 31, 2008 and US$628 million at March 31, 2008.
The Company has been subject to asbestos-related claims in recent years. While it has…
Huntsman Corporation continues to be a “premises defendant” in a number of asbestos exposure cases, typically claims by non- employees of exposure to asbestos while at a facility.
Where a claimant’s alleged exposure occurred prior to the Company’s ownership of the…
Trinity Development Group, the owner of a waterfront condominium at 1515 S. Flagler Drive in West Palm Beach, Fla., has opted to seek a decision from the U.S. Environmental Protection Agency over an asbestos matter concerning the 30-story structure, PalmBeachPost.com…
W. R. Grace & Co. is still a defendant in property damage and personal injury lawsuits relating to previously sold asbestos- containing products.
As of the April 2, 2001 bankruptcy Filing Date, the Company was a defendant in 65,656 asbestos-related lawsuits,…
ArvinMeritor, Inc. has recorded a liability for defense and indemnity costs associated with Rockwell Automation, Inc. asbestos legacy claims of US$17 million at March 31, 2009 and US$16 million at Sept. 30, 2008.
The Company has been named as a defendant…
James Hardie Industries N.V.’s asbestos adjustments were US$176.5 million during the quarter ended March 31, 2009, compared with US$182.3 million during the quarter ended March 31, 2009, according to a Company press release dated May 20, 2009.
On May 20, 2009,…
James Hardie Industries N.V. had 534 open asbestos claims during the year ended March 31, 2009, compared with 523 open claims during the year ended March 31, 2008.
During the year ended March 31, 2009, the Company noted 607 new claims…
Building Materials Corporation of America continues to be involved in asbestos-related bodily injury claims relating to the inhalation of asbestos fibers contained in products sold by its indirect parent, G-I Holdings Inc., or its predecessors.
In connection with its formation, the…
The U.S. Court of Appeals, Ninth Circuit, denied Dillingham Ship Repair’s petition for review of a decision by the Benefits Review Board in an asbestos case filed by Bernice Schuchardt on behalf of her late husband, Lawton F. Schuchardt.
The case…