James Hardie Industries N.V. had 534 open asbestos claims during the year ended March 31, 2009, compared with 523 open claims during the year ended March 31, 2008.
During the year ended March 31, 2009, the Company noted 607 new claims…
James Hardie Industries N.V.’s asbestos adjustments were US$176.5 million during the quarter ended March 31, 2009, compared with US$182.3 million during the quarter ended March 31, 2009, according to a Company press release dated May 20, 2009.
On May 20, 2009,…
Victims of the James Hardie Industries N.V. asbestos scandal will appeal to the government of Australian Prime Minister Kevin Rudd for a financial bailout, as the Hardie fund set up to make huge compensation payouts faces an AUD350 million shortfall,…
James Hardie Industries N.V. and the New South Wales Government, on April 23, 2009, were advised by the Asbestos Injuries Compensation Fund (AICF) that its Board has determined that it is reasonably foreseeable that, within two years, the available assets…
The New South Wales Supreme Court in New South Wales, Australia, ruled that certain former managers and directors of James Hardie Industries N.V. breached corporations law over the Company’s restructure and establishment of an asbestos payout trust in 2001, ABC…
Margaret Lawson of Sydney, Australia, on April 13, 2009, was posthumously awarded AUD500,000 from James Hardie Industries N.V. after the Court of Appeal upheld an award by the Dust Diseases Tribunal for AUD350,000 in compensation and nearly AUD200,000 as a…
James Hardie Industries N.V. is considering transferring its corporate headquarters from The Netherlands to the United States, where the Company’s operational headquarters are already located, The Age reports.
Hardie had insisted its move to the Netherlands was purely tax- related and…