ASBESTOS LITIGATION: Ingersoll-Rand Reports $1.195B Liability
Ingersoll-Rand Company Limited’s liability for asbestos-related matters totaled US$1.195 billion at Dec. 31, 2008, compared with US$754.9 million.
The Company’s asset for probable asbestos-related insurance recoveries totaled US$423.8 million at Dec. 31, 2008, compared with US$249.8 million at Dec. 31, 2007.
Headquartered…