Colfax Corporation faced 26,391 unresolved asbestos-related claims during the nine months ended Oct. 2, 2009, compared with 36,607 claims during the nine months ended Sept. 26, 2008.
Two of the Company’s subsidiaries are each one of many defendants in lawsuits that…
Colfax Corporation had 34,421 unresolved asbestos claims during the three months ended April 3, 2009, compared with 37,632 claims during the three months ended March 28, 2008.
The Company faced 35,357 unresolved asbestos claims during the year ended Dec. 31, 2008,…
Colfax Corporation has established reserves of US$353.3 million as of April 3, 2009 and US$357.3 million as of Dec. 31, 2008 for the probable and reasonably estimable asbestos-related liability cost it believes the subsidiaries will pay through the next 15…
Colfax Corporation’s long-term asbestos liability was US$324,905,000 as of April 3, 2009, compared with US$328,684,000 as of Dec. 31, 2008.
The Company’s current accrued asbestos liability was US$28,417,000 as of April 3, 2009, compared with US$28,574,000 as of Dec. 31, 2008.
The…
Colfax Corporation recorded asbestos-related expenses of US$4.6 million during the three months ended April 3, 2009, compared with US$3.4 million during the three months ended March 28, 2008.
Asbestos-related expense includes all asbestos-related costs and is comprised of projected indemnity cost,…
Colfax Corporation, in the fourth quarter of 2008, reimbursed a primary insurer for US$7.6 million in asbestos-related deductibles and retrospective premiums.
In 2006, the primary insurer asserted that certain primary insurance policies contain deductibles and retrospective premium provisions. As a result,…
Colfax Corporation faced 35,357 unresolved asbestos claims during the year ended Dec. 31, 2008, compared with 37,554 claims during the year ended Dec. 31, 2007, according to the Company’s 2008 annual report.
The Company faced 36,607 unresolved asbestos claims at Sept.…
Colfax Corporation recorded total asbestos-related insurance proceeds of US$35,201,000 during the year ended Dec. 31, 2008, compared with US$65,451,000 during the year ended Dec. 31, 2007.
The Company has established reserves of US$357.3 million as of Dec. 31, 2008 and US$376.2…
Colfax Corporation’s asbestos coverage litigation expenses were US$4,905,000 during the three months ended Dec. 31, 2008, compared with US$5,314,000 during the three months ended Dec. 31, 2007, according to a Company report, on Form 8-K, filed with the Securities and…
Colfax Corporation’s long-term asbestos liability was US$328,684,000 as of Dec. 31, 2008, compared with US$347,332,000 as of Dec. 31, 2007, according to a Company report, on Form 8-K, filed with the Securities and Exchange Commission on Feb. 20, 2009.
The Company’s…