ITT Corporation’s long-term asbestos-related liabilities amounted to US$1.576 billion as of June 30, 2011, compared with US$1.559 billion as of Dec. 31, 2010.
The Company’s long-term asbestos-related assets amounted to US$924 million as of June 30, 2011, compared with US$930 million…
ITT Corporation faced 104,316 pending asbestos claims during the six month period ended June 30, 2011, compared with 103,575 claims during the year ended Dec. 31, 2010.
The Company faced 103,678 pending asbestos claims as of March 31, 2011. (Class Action…
ITT Corporation says a trial on several insurers coverage obligations for Goulds Pumps, Inc., is scheduled for November 2011.
The Company said a trial on several insurers coverage obligations for Goulds Pumps, Inc., is scheduled for August 2011. (Class Action Reporter,…
ITT Corporation faced 103,678 pending asbestos claims as of March 31, 2011, compared with 103,575 pending claims as of Dec. 31, 2010, according to the Company’s quarterly report filed with the Securities and Exchange Commission on May 2, 2011.
The Company,…
ITT Corporation says a trial on several insurers coverage obligations for Goulds Pumps, Inc., is scheduled for August 2011.
On Feb. 13, 2003, the Company commenced an action, Cannon Electric, Inc. v. Affiliated FM Ins. Co., Sup. Ct., Los Angeles County,…
ITT Corporation recorded net asbestos-related costs of US$16 million during the three months ended March 31, 2011, compared with US$15 million during the three months ended March 31, 2010, according to a Company press release dated April 29, 2011.
The Company’s…
ITT Corporation’s long-term asbestos-related liabilities were US$1.572 billion as of Dec. 31, 2010, compared with US$867 million as of Dec. 31, 2009, according to a Company press release dated Feb. 3, 2011.
Long-term asbestos-related assets were US$943 million as of Dec.…
ITT Corporation is involved in coverage litigation with various insurers seeking recovery of costs incurred in connection with certain environmental and product liabilities (including asbestos- related liabilities).
In a suit filed in 1991, ITT Corporation, et al. v. Pacific Indemnity Corporation…
ITT Corporation says that, as of June 30, 2010, there were 104,865 open claims against it filed in various state and federal courts alleging injury as a result of exposure to asbestos, according to the Company’s quarterly report filed on…
ITT Corporation recorded US$12 million net asbestos-related costs during the three months ended June 30, 2010, according to a Company report filed on Form 8-K with the Securities and Exchange Commission on July 30, 2010.
During the six months ended June…