ASBESTOS UPDATE: Foster Wheeler AG Facing 123,990 Claims in U.S.

Foster Wheeler AG faced 123,990 asbestos claims in the United States during the quarter and six months ended June 30, 2011, compared with 122,490 claims during the quarter and six months ended June 30, 2010.

During the quarter ended June 30,…

ASBESTOS UPDATE: Foster Wheeler Units Facing 290 Claims in U.K.

Foster Wheeler AG’s subsidiaries faced 290 open asbestos-related claims as of June 30, 2011, according to the Company’s quarterly report filed on Aug. 4, 2011 with the Securities and Exchange Commission.

Some of the Company’s subsidiaries in the United Kingdom have…

ASBESTOS UPDATE: Foster Wheeler Has $3.4MM Net Claims Provisions

Foster Wheeler AG’s net asbestos-related provision amounted to US$3,427,000 during the quarter ended June 30, 2011, compared with US$4,044,000 during the quarter ended June 30, 2010.

The Company’s net asbestos-related provision amounted to US$400,000 during the fiscal three months ended March…

ASBESTOS UPDATE: Mason v. Foster Wheeler et al. Filed on June 1

Michael Grant Mason, on behalf of Milan Arthur Barackman, on June 1, 2011, filed suit against Foster Wheeler, General Electric Co., Owens-Illinois Inc., Rapid American Corp., Uniroyal Inc., Viacom Inc. and Riley Power Inc. in New Orleans federal court, The…

ASBESTOS UPDATE: Foster Wheeler Has 289 U.K. Claims at March 31

Foster Wheeler AG’s subsidiaries in the United Kingdom faced 289 open asbestos claims as of March 31, 2011, according to the Company’s quarterly report filed with the Securities and Exchange Commission on May 4, 2011.

Some of the Company’s subsidiaries in…

ASBESTOS UPDATE: Foster Wheeler Has $400T Net Claims Provisions

Foster Wheeler AG’s net asbestos-related provision amounted to US$400,000 during the fiscal three months ended March 31, 2011, according to a Company press release dated May 3, 2011.

Net asbestos-related gain amounted to US$747,000 during the fiscal three months ended March…

ASBESTOS UPDATE: 289 Claims Remain v. Foster Wheeler U.K. Units

Foster Wheeler AG’s subsidiaries in the United Kingdom faced 289 open asbestos-related claims as of June 30, 2010, according to the Company’s quarterly report filed on Aug. 5, 2010 with the Securities and Exchange Commission.

To date, 950 claims have been…

ASBESTOS UPDATE: 122,490 U.S. Claims Ongoing v. Foster Wheeler

Foster Wheeler AG’s subsidiaries in the United States faced 122,490 open asbestos claims during the fiscal three months ended June 30, 2010, compared with 130,500 open claims during the fiscal three months ended June 30, 2009, according to the Company’s…

ASBESTOS UPDATE: Foster Wheeler Cites $323.95M June 30 Liability

Foster Wheeler AG’s long-term asbestos-related liability was US$323,947,000 as of June 30, 2010, compared with US$352,537,000 as of Dec. 31, 2009, according to a Company press release dated Aug. 5, 2010.

The Company’s long-term asbestos-related liability was US$338,273,000 as of March…

ASBESTOS UPDATE: Foster Wheeler Still Has $3.7MM Insurance Asset

Foster Wheeler AG, as of June 30, 2010, estimated the value of its unsettled asbestos insurance asset related to ongoing litigation in New York state court with its subsidiaries’ insurers at US$3.7 million.

The litigation relates to the amounts of insurance…

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