227 articles for

August 2010

ASBESTOS UPDATE: Standard Motor Cites $24.13MM June 30 Liability

Standard Motor Products, Inc.’s accrued asbestos liability was US$24,135,000 as of June 30, 2010, compared with US$24,874,000 as of Dec. 31, 2009, according to a Company press release dated Aug. 2, 2010.

The Company’s accrued asbestos liabilities of US$24,472,000 as of…

ASBESTOS UPDATE: BorgWarner’s Bid in N.J. Case Denied on July 8

The Supreme Court of New Jersey, on July 8, 2010, denied BorgWarner, Inc.’s Notice of Petition appealing the decision of the lower courts in an insurance-related asbestos action.

On April 5, 2010 the Superior Court of New Jersey Appellate Division affirmed…

ASBESTOS UPDATE: Sussex Judge’s Death Linked to Hazard Exposure

An inquest at West Sussex Coroner’s Court heard that the death of Judge John Sessions was related to exposure to asbestos during in his time working for the Royal Navy of the United Kingdom, The Argus reports.

Judge Sessions first sought…

ASBESTOS UPDATE: CBS Corporation Faced 58,920 Claims at June 30

CBS Corporation faced about 58,920 pending asbestos claims as of June 30, 2010, compared with about 62,360 as of Dec. 31, 2009 and 64,480 as of June 30, 2009.

The Company had about 62,340 pending asbestos claims as of March 31,…

ASBESTOS UPDATE: Corning Inc. Faces 10,300 Tort Cases

Corning Incorporated is currently involved in about 10,300 other cases (about 38,700 claims) alleging injuries from asbestos and similar amounts of monetary damages per case, according to the Company’s quarterly report filed on July 30, 2010 with the Securities and…

ASBESTOS UPDATE: 11,100 Cases Pending v. Mallinckrodt at June 25

As of June 25, 2010, there were about 11,100 asbestos liability cases pending against Covidien Public Limited Company’s subsidiary, Mallinckrodt Inc., according to the Company’s quarterly report filed on July 30, 2010 with the Securities and Exchange Commission.

There were about…

ASBESTOS UPDATE: Exposure Cases Ongoing v. Cliffs Natural, Units

Cliffs Natural Resources Inc. and certain of its subsidiaries are still party to claims over the exposure of asbestos and silica to seamen who sailed on the Great Lakes vessels formerly owned and operated by certain of the Company’s subsidiaries.

The…

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