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: Atkins Action v. 20 Firms Filed Aug. 9 in Texas

Jack Atkins on Aug. 9, 2010, filed an asbestos-related lawsuit against 20 defendant corporations in Jefferson County District Court, Tex., The Southeast Texas Record reports.

Mr. Atkins claims he developed an asbestos-related disease different from the other non-malignant asbestos-related disease for…

ASBESTOS UPDATE: 1st Newman Case Filed on Oct. 1 v. 31 Companies

Lynda Guillory, on behalf of her late father, Ameal Newman, filed an asbestos-related lawsuit against 31 defendant corporations in Jefferson County District Court, Tex., on Oct. 1, 2009, The Southeast Texas Record reports.

The defendants include: A.W. Chesterton Company, American Optical…

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,…