198 articles for

August 2009

ASBESTOS LITIGATION: TriMas Party to 805 Lawsuits (7,528 Claims)

TriMas Corporation, as of June 30, 2009, was a party to 805 pending cases involving an aggregate of 7,528 claimants alleging personal injury from exposure to asbestos containing materials.

As of March 31, 2009, the Company was a party to 777…

ASBESTOS LITIGATION: IDEX, 7 Units Facing Lawsuits in 33 States

IDEX Corporation and seven of its subsidiaries face lawsuits claiming various asbestos-related personal injuries, allegedly as a result of exposure to products manufactured with components that contained asbestos.

Claims have been filed in Alabama, Arizona, California, Connecticut, Delaware, Florida, Georgia,…

ASBESTOS LITIGATION: Dana Has $47M for CCR Cases Through June 30

Dana Holding Corporation, through June 30, 2009, had collected the entire US$47 million paid to claimants with respect to Center for Claims Resolution (CCR) asbestos claims.

After the CCR discontinued negotiating shared settlements for asbestos claims for its member companies…

ASBESTOS LITIGATION: Cooper Cites 23,028 Abex Claims at June 30

Cooper Industries, Ltd., at June 30, 2009, recorded 23,028 pending asbestos-related claims that are part of its obligation to Pneumo-Abex Corporation (Pneumo).

At March 31, 2009, the Company recorded 23,401 pending asbestos- related claims that are part of its obligation to…

ASBESTOS LITIGATION: Court OKs Aurora Pump Summary Judgment Bid

The Superior Court of Connecticut granted summary judgment in favor of Aurora Pump Company, in an asbestos case filed by Dorothy Drucker on behalf of her husband, Paul Drucker.

The case is styled Paul Drucker et al v. A.W. Chesterton Co.…

ASBESTOS LITIGATION: Standard Motor Faces 3,670 Cases at June 30

About 3,670 cases at June 30, 2009 were outstanding for which Standard Motor Products, Inc. was responsible for any related liabilities.

In 1986, the Company acquired a brake business, which it subsequently sold in March 1998 and which is accounted for…

ASBESTOS LITIGATION: AIHL Reserves $19.5M for Claims at June 30

Alleghany Corporation’s subsidiary, Alleghany Insurance Holdings LLC’s reserve for unpaid losses and loss adjustment expenses includes US$19.5 million of gross reserves and US$19.4 million of net reserves at June 30, 2009, and US$20.4 million of gross reserves and US$20.3 million…

ASBESTOS LITIGATION: Huntsman Still Named a “Premises Defendant”

Huntsman Corporation continues to be named as 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…

ASBESTOS LITIGATION: Columbus McKinnon Liability Stays at $8.8M

Columbus McKinnon Corporation’s asbestos-related liability remains at US$8.8 million as of June 30, 2009.

Columbus McKinnon Corporation’s estimation of its asbestos- related aggregate liability was about US$8.8 million, which had been reflected as a liability in the consolidated financial statements as…

ASBESTOS LITIGATION: Colne Navy Worker’s Death Linked to Hazard

An inquest heard that the death of Edward Earnshaw, a resident of Colne, Lancashire, England, was linked to exposure to asbestos, the Burnley Express reports.

The inquest heard that Mr. Earnshaw died from the exposure he endured while serving with the…

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