ASBESTOS UPDATE: Cooper Receivable Remains at $180M at Sept. 30

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…

ASBESTOS UPDATE: Cooper Ind. Records $797M Liability at Sept. 30

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…

ASBESTOS LITIGATION: Cooper Cites 23,028 Abex Claims at June 30

Cooper Industries, Ltd., at June 30, 2009, recorded 23,028 pending asbestos-related claims that are part of its obligation to Pneumo-Abex Corporation (Pneumo).

At March 31, 2009, the Company recorded 23,401 pending asbestos- related claims that are part of its obligation to…

ASBESTOS LITIGATION: Cooper Records $805Mil Liability at June 30

As of June 30, 2009, Cooper Industries, Ltd. estimates that the asbestos liability for pending and future indemnity and defense costs for the next 45 years will be US$805 million.

As of March 31, 2009, the Company estimated that the liability…

ASBESTOS LITIGATION: Cooper Records $180M Receivable at June 30

Cooper Industries, Ltd.’s asbestos receivable for recoveries of costs from insurers, as of June 30, 2009, amounted to US$180 million, of which US$65.7 million relate to costs previously paid or insurance settlements.

As of March 31, 2009, the Company’s asbestos receivable…

ASBESTOS LITIGATION: Cooper Cites 23,401 Abex Claims at March 31

Cooper Industries, Ltd., at March 31, 2009, recorded 23,401 pending asbestos-related claims that are part of its obligation to Pneumo-Abex Corporation (Pneumo), according to the Company’s quarterly report filed with the Securities and Exchange Commission on May 1, 2009.

At Dec.…

ASBESTOS LITIGATION: Cooper Cites $811.7MM Liability at March 31

Cooper Industries, Ltd., as of March 31, 2009, estimates that the liability for pending and future indemnity and defense costs for the next 45 years will be US$811.7 million, according to the Company’s quarterly report filed with the Securities and…

ASBESTOS LITIGATION: Cooper Cites $183.3M Receivable at March 31

As of March 31, 2009, Cooper Industries, Ltd.’s asbestos receivable for recoveries of costs from insurers amounted to US$183.3 million, of which US$66.9 million relate to costs previously paid or insurance settlements.

The Company’s asbestos-related receivable for recoveries of costs from…

ASBESTOS LITIGATION: Cooper Cites $16.6M After-Tax Income in 3Q

Cooper Industries, Ltd., in the third quarter of 2008, recognized an asbestos-related after-tax discontinued operations income of US$16.6 million or US$0.09 per share, according to a Company report, on Form 8-K, filed with the Securities and Exchange Commission on Jan.…