Cooper Industries plc recorded an asbestos trust settlement funding of US$250 million during the six months ended June 30, 2011, according to a Company press release dated July 21, 2011.
During the first six months of 2011, the Company reported free…
As of June 30, 2010, Cooper Industries plc’s asbestos-related receivable for recoveries of costs from insurers amounted to US$165.8 million, of which US$56.2 million relate to costs previously paid or insurance settlements.
As of June 30, 2010, the Company, through Pneumo-Abex…
Cooper Industries plc, at June 30, 2010, recorded 15,281 pending asbestos-related claims that are part of its obligation to Pneumo- Abex Corporation (Pneumo).
In October 1998, the Company sold its Automotive Products business to Federal-Mogul Corporation. These discontinued businesses (including the…
Cooper Industries plc, as of June 30, 2010, estimates that the liability for pending and future asbestos-related indemnity and defense costs for the next 45 years will be US$769.8 million.
Pneumo-Abex Corporation discontinued using asbestos in the Abex Friction product line…