Albany International Corp. is still a direct defendant and as the “successor in interest” to Mount Vernon Mills in asbestos- related cases.
The Company acquired certain assets from Mount Vernon in 1993.
Certain plaintiffs allege injury caused by asbestos-containing products alleged to…
Albany International Corp. was defending against 16,818 asbestos-related claims as of May 1, 2009, according to the Company’s latest quarterly report filed with the Securities and Exchange Commission.
This compares with 17,854 claims as of Feb. 6, 2009, about 18,385 claims…
Albany International Corp.’s affiliate, Brandon Drying Fabrics, Inc., faced 8,604 asbestos-related claims as of May 1, 2009, according to the Company’s latest quarterly report filed with the Securities and Exchange Commission.
This compares with 8,607 asbestos claims as of Feb. 6,…