Cooper Industries LLC, together with certain other subsidiaries of the Company, entered into a settlement agreement on Feb. 1, 2011 with Pneumo Abex LLC and certain of its affiliates in connection with a lawsuit filed in the New York State…
Cooper Industries plc’s asbestos receivable for recoveries of costs from insurers, as of Sept. 30, 2009, amounted to US$180 million, of which US$68.8 million relate to costs previously paid or insurance settlements.
The Company’s asbestos receivable for recoveries of costs from…
Cooper Industries plc, as of Sept. 30, 2009, estimates that the undiscounted asbestos liability for pending and future indemnity and defense costs for the next 45 years will be US$797 million.
As of June 30, 2009, the Company estimated that the…
PepsiAmericas, Inc. and other parties are still party to asbestos-related insurance litigation filed by Cooper Industries, LLC in Cook County Circuit Court, Ill.
The case is styled Cooper Industries, LLC v. PepsiAmericas, Inc., et al., Case No. 05 CH 09214.
On May…