ASBESTOS UPDATE: Honeywell Posts $40MM June 30 Litigation Charge

Honeywell International Inc. recorded asbestos litigation charges, net of insurance, of US$40 million during the three months ended June 30, 2011, compared with US$49 million during the three months ended June 30, 2010.

The Company recorded asbestos litigation charges, net of…

ASBESTOS UPDATE: Mich. Appeals Court OKs Ruling In Falk Lawsuit

The Court of Appeals of Michigan affirmed the ruling of the Calhoun Circuit Court, which granted summary judgment in favor of various defendants, in an asbestos lawsuit filed on behalf of Earl Falk.

Judges Servitto, Gleicher and Shapiro entered judgment in…

ASBESTOS UPDATE: Oral Argument in Pneumo Abex Case Heard April 28

An oral argument on an asbestos case involving Juanita Rodarmel, Honeywell International Inc. and Pneumo Abex was held April 28, 2011 in McLean County, Ill., The Madison/St. Clair Record reports.

In the oral argument, Justice John Turner poked holes in a…

ASBESTOS UPDATE: Honeywell Faces 22,604 Unresolved Bendix Claims

Honeywell International Inc.’s Bendix friction materials business faced 22,604 unresolved asbestos claims during the three months ended March 31, 2011 and 22,480 claims during the year ended Dec. 31, 2010.

During the three months ended March 31, 2011, the Company recorded…

ASBESTOS UPDATE: Honeywell’s Long-Term Liability at $1.556-Bil.

Honeywell International Inc.’s long-term asbestos-related liabilities amounted to US$1.556 billion as of both March 31, 2011 and US$1.557 billion as of Dec. 31, 2010, according to the Company’s quarterly report filed with the Securities and Exchange Commission on April 21,…

ASBESTOS UPDATE: Honeywell Subject to Travelers Coverage Action

Honeywell International Inc. continues to face Travelers Casualty and Insurance Company’s lawsuit, disputing obligations for North American Refractories Company-related asbestos claims under high excess insurance coverage issued by Travelers and other insurance carriers.

In the second quarter of 2006, Travelers filed…

ASBESTOS UPDATE: Honeywell Has $714MM March 31 NARCO Receivable

Honeywell International Inc.’s consolidated financial statements reflect an insurance receivable corresponding to the liability for settlement of pending and future North American Refractories Company-related asbestos claims of US$714 as of March 31, 2011 and US$718 million as of Dec. 31,…

ASBESTOS UPDATE: Court OKs Ford, Honeywell Bid in Shepherd Claim

The U.S. District Court, Eastern District of Pennsylvania, granted Ford Motor Company and Honeywell International Inc.’s request for information contained in the claims submitted Shirley Shepherd to bankruptcy trusts.

The case is styled Shirley Shepherd v. Pneumo-Abex, LLC, et al.

U.S. Magistrates…

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: Honeywell Has $49MM June 30 Litigation Charges

Honeywell International Inc. recorded asbestos-related litigation charges, net of insurance, of US$49 million during the three months ended June 30, 2010, compared with US$37 million during the three months ended June 30, 2009, according to the Company’s quarterly report filed…

Page 2 of 4«1234»