ASBESTOS LITIGATION: Leleux Suit Filed v. 49 Defendants in Texas

Alicia Kay Prichard, on behalf of Clevines Leleux, filed an asbestos-related lawsuit against 49 defendant corporations in Jefferson County District Court, Tex., on May 28, 2009, The Southeast Texas Record reports.

Ms. Prichard claims that Mr. Leleux developed an asbestos- related…

ASBESTOS LITIGATION: Baggett Suit v. 33 Firms Filed in Jefferson

Linda Dale Baggett McLemore, Larry Donald Baggett and Hazel Baggett (on behalf of Lawrence Baggett) filed an asbestos lawsuit against 33 defendant corporations in Jefferson County District Court, Tex., on May 20, 2009, The Southeast Texas Record reports.

The defendants include…

ASBESTOS LITIGATION: Foster Wheeler Sees $25.9M Insurance Asset

Foster Wheeler AG, as of March 31, 2009, estimated the value of its unsettled asbestos insurance asset related to ongoing litigation in New York state court with its subsidiaries’ insurers at US$25.9 million.

As of Dec. 26, 2008, the Company estimated…

ASBESTOS LITIGATION: Foster Wheeler Still Has 357 Claims in U.K.

Foster Wheeler AG’s subsidiaries in the United Kingdom, as of March 31, 2009, still faced 357 claims alleging personal injury arising from exposure to asbestos.

To date, 908 claims have been brought against the U.K. subsidiaries. None of the settled claims…

ASBESTOS LITIGATION: Foster Wheeler Has $1.75MM Claims Provision

Foster Wheeler AG’s net asbestos-related provision was US$1,750,000 during the fiscal three months ended March 31, 2009, according to the Company’s latest quarterly report filed with the Securities and Exchange Commission.

The Company’s net asbestos-related provision was US$6,607,000 during the fiscal…

ASBESTOS LITIGATION: Foster Wheeler Cites 131,010 Claims in U.S.

Foster Wheeler AG’s subsidiaries in the United States faced 131,010 open asbestos claims during the fiscal three months ended March 31, 2009, compared with 130,810 during the fiscal three months ended March 28, 2008.

The Company’s U.S. subsidiaries faced 130,760 open…

ASBESTOS LITIGATION: Foster Wheeler Records $339.83MM Liability

Foster Wheeler AG’s long-term asbestos-related liability was US$339,834,000 as of March 31, 2009, compared with US$355,779,000 as of Dec. 26, 2008.

The Company’s long-term asbestos-related insurance recovery receivable was US$273,430,000 as of March 31, 2009, compared with US$281,540,000 as of Dec.…

ASBESTOS LITIGATION: Florida Jury Awards $995T to McBride Widow

A jury in Bay County, Fla., on April 28, 2009, awarded US$995,600 in damages and medical bills to Betty McBride for the wrongful asbestos-related death of her husband, Woodrow McBride, the News Herald reports.

Trial in the case began on April…

ASBESTOS LITIGATION: Remand Motion in Foster Wheeler Case Denied

The U.S. District Court, Southern District of New York, denied Michael Curry’s motion to remand an asbestos action (to the Supreme Court of the State of New York) filed against Foster Wheeler and other defendants.

The case is styled Michael Curry,…

ASBESTOS LITIGATION: Taylor’s Suit v. 57 Firms Filed on March 2

The family of Gerald C. Taylor Sr., of Nederland, Tex., filed an asbestos-related lawsuit against 57 defendant corporations in Jefferson County District Court on March 2, 2009, The Southeast Texas Record reports.

On behalf of herself and Florenda Gale Gonzales and…

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