Asbestos claims against ArvinMeritor, Inc.’s subsidiary, Maremont Corporation, dropped from about 35,000 at both Dec. 31, 2008 and Sept. 30, 2008 to 30,000 at March 31, 2009.
Maremont manufactured friction products containing asbestos from 1953 through 1977, when it sold its…
ArvinMeritor, Inc.’s non-current asbestos-related liabilities were US$58 million as of March 31, 2009, compared with US$54 million as of Sept. 30, 2008.
The Company’s non-current asbestos-related liabilities were US$53 million as of Dec. 31, 2008. (Class Action Reporter, Feb. 13, 2009)
The…
ArvinMeritor, Inc. has recorded a liability for defense and indemnity costs associated with Rockwell Automation, Inc. asbestos legacy claims of US$17 million at March 31, 2009 and US$16 million at Sept. 30, 2008.
The Company has been named as a defendant…