Cooper Industries, Ltd.’s asbestos receivable for recoveries of costs from insurers, as of June 30, 2009, amounted to US$180 million, of which US$65.7 million relate to costs previously paid or insurance settlements.
As of March 31, 2009, the Company’s asbestos receivable…
As of June 30, 2009, Cooper Industries, Ltd. estimates that the asbestos liability for pending and future indemnity and defense costs for the next 45 years will be US$805 million.
As of March 31, 2009, the Company estimated that the liability…
Pepco Holdings, Inc. says that, as of June 30, 2009, there are about 180 asbestos cases still pending against it in the State Courts of Maryland.
Of these cases, about 90 cases were filed after Dec. 19, 2000, and were tendered…
NL Industries, Inc. is still named as a defendant in various lawsuits in several jurisdictions, alleging personal injuries as a result of occupational exposure primarily to products manufactured by its former operations containing asbestos, silica and mixed dust.
During the…
Congoleum Corporation, on Aug. 21, 2009, announced that it received a decision from the U.S. District Court on its appeal of two orders from the US Bankruptcy Court, according to a Company report, on Form 8-K, filed with the Securities…
The Allstate Corporation’s reserves for asbestos claims were US$1.19 billion at June 30, 2009 and US$1.23 billion at Dec. 31, 2008.
The Company’s reserves for asbestos claims were US$1.21 billion at March 31, 2009. (Class Action Reporter, May 22, 2009)
Net of…
Imperial Industries, Inc.’s subsidiary, Premix-Marbletite Manufacturing Co., is a defendant, together with non-affiliated parties, in seven claims (four of which include the Company as a defendant) which allege bodily injury due to exposure to asbestos contained in products manufactured in…
Certain wholly owned subsidiaries of Ingersoll-Rand plc are still named as defendants in asbestos-related lawsuits in state and federal courts.
In virtually all of the suits, a large number of other companies have also been named as defendants.
The vast majority of…
Ingersoll-Rand plc’s liability for asbestos-related matters was US$1.159 billion at June 30, 2009, compared with US$1.195 billion at Dec. 31, 2008.
The Company’s liability for asbestos related matters was US$1.179 billion at March 31, 2009. (Class Action Reporter, June 5, 2009)
The…
The Scotts Miracle-Gro Company is still a defendant in cases alleging injuries that the lawsuits claim resulted from exposure to asbestos-containing products, based on the Company’s historic use of vermiculite in certain of its products.
The complaints in these cases are…