276 articles for

July 2009

ASBESTOS LITIGATION: Ricky May to Testify Against Former Lawyers

CSX Transportation Inc. worker, Ricky May, has agreed to testify against his former lawyers, The West Virginia Record reports.

Mr. May had received US$8,000 from CSX to settle an asbestos exposure suit that he filed with an X-ray of another man’s…

ASBESTOS LITIGATION: Smith Lawsuit v. 10 Companies Filed July 24

Robert and Betty Smith, on July 24, 2009, filed an asbestos lawsuit against 10 defendant corporations in Jefferson County District Court, Tex., The Southeast Texas Record reports.

The lawsuit alleges the Smiths claim Mr. Smith developed an asbestos-related disease during the…

ASBESTOS LITIGATION: Honeywell Litigation Charges at $37M in 2Q

Honeywell International Inc.’s asbestos-related litigation charges, net of insurance, were US$37 million during the three months ended June 30, 2009, compared with US$34 million during the three months ended June 30, 2008.

The Company’s asbestos-related litigation charges, net of insurance, amounted…

ASBESTOS LITIGATION: Halliburton Has No Accruals on AMSF Action

Halliburton Company says that, as of June 30, 2009, the Company had not accrued any amounts related to a matter (involving asbestos liabilities) concerning the Archdiocese of Milwaukee Supporting Fund (AMSF).

In June 2002, a class action lawsuit was filed against…

ASBESTOS LITIGATION: Mosaic Has $40M 2009 Retirement Obligations

The Mosaic Company, in 2009, recorded about US$40 million in asset retirement obligations (ARO), which generally include the removal and disposition of non-friable asbestos, according to the Company’s annual report filed with the Securities and Exchange Commission on July 24,…

ASBESTOS LITIGATION: Crane Co. to Pursue Appeal in Baccus Claim

Crane Co. says that it intends to pursue all available rights to appeal an asbestos verdict in favor of James Baccus, according to a Company report, on Form 8-K, filed with the Securities and Exchange Commission on July 28, 2009.

On…

ASBESTOS LITIGATION: Burlington Records 1,750 Claims at June 30

Burlington Northern Santa Fe Corporation faced 1,750 asbestos claims during the three and six months ended June 30, 2009, compared with 1,800 claims during the three and six months ended June 30, 2008.

The Company faced 1,822 unresolved asbestos claims at…

ASBESTOS LITIGATION: Grace Spends $8M for Bankruptcy in 2nd-Qtr.

W. R. Grace & Co. says that expenses related to its Chapter 11 proceedings, net of filing entity interest income, were US$8 million in the second quarter of 2009, compared with US$18 million in the second quarter 2008, according to…

ASBESTOS LITIGATION: PPG Industries Still Facing Exposure Claims

PPG Industries, Inc., for over 30 years, continues to be a defendant in lawsuits involving claims alleging personal injury from exposure to asbestos, according to the Company’s quarterly report filed with the Securities and Exchange Commission on July 27, 2009.

Most…

ASBESTOS LITIGATION: Judge Jackson Flips Ruling in FACTS Action

U.S. District Judge Carol Jackson, on July 21, 2009, reversed her own September 2008 asbestos-related ruling, which had favored Families for Asbestos Compliance, Testing, and Safety (FACTS), the St. Louis Post-Dispatch reports.

In the September 2008 ruling, Judge Jackson ruled for…

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