James Hardie Industries SE said an internal restructuring will lead the Company to cut its contribution to the asbestos injuries fund in 2012 — possibly by more than US$11 million — The Sydney Morning Herald reports.
The cut will come because…
James Hardie Industries SE’s contributions to the Asbestos Injury Compensation Fund may be in jeopardy after it lost an appeal against a tax ruling, The Australian reports.
The ruling — that the Company owes AU$412 million in unpaid taxes and penalties,…
James Hardie Industries SE is filing suit against the Queensland Government, charging the state for not protecting a subcontracted carpenter from Hardie asbestos products in the 1950s and 1960s, The Australian reports.
However, the Queensland Government counters that the then- Queensland…
James Hardie Industries N.V.’s current asbestos liability was US$100 million as of Sept. 30, 2009, compared with US$78.2 million as of March 31, 2009, according to a Company report, on Form 6-K, filed with the Securities and Exchange Commission on…
James Hardie Industries N.V.’s asbestos adjustments were US$62.7 million during the 2nd-quarter of fiscal year 2010, according to a Company press release dated Nov. 25, 2009.
During the half of fiscal year 2010, the Company recorded adjustments of US$182.5 million.
Since the…
James Hardie Industries N.V. paid AUD28.8 million for the quarter ended Sept. 30, 2009 and AUD56.1 million for the half year ended Sept. 30, 2009 for asbestos claims, according to a Company report, on Form 6-K, filed with the Securities…
James Hardie Industries N.V., in a bid to share liability for illnesses caused by its asbestos products, sued former partner CSR Limited in Queensland Supreme Court in Queensland, Australia, The Australian reports.
Hardie’s subsidiary, Amaca Pty Ltd (f/k/a James Hardie &…
Gippsland Asbestos Related Diseases Support’s secretary, Vicki Hamilton, says she is appalled by James Hardie Industries N.V.’s appeal on penalties filed against the Company’s former directors, ABC News reports.
In August 2009, the New South Wales Supreme Court found the former…
Wayne Swan, the Treasurer of Australia, on Sept. 18, 2009, approved James Hardie Industries N.V.’s corporate restructure, which could see the Company relocate to Ireland, the Australian Associated Press reports.
Mr. Swan approved the restructure as long as the Company met…
Lawyers for former James Hardie Industries N.V. directors, on Sept. 21, 2009, told an Australian court that the directors will appeal (in 2010) against Justice Ian Gzell’s April 2009 ruling over asbestos compensation, The Age reports.
THE question of whether the…