Koninklijke Philips Electronics N.V. says that, in the third quarter of 2009, the opposition filed against subsidiary TH Agriculture & Nutrition’s (THAN) plan of reorganization has been successfully resolved.
Provided that there will be no further opposition to the Plan, it…
The U.S. Bankruptcy Court for the Southern District of New York, on May 28, 2009, issued an order confirming a Prepackaged Plan of Reorganization of Koninklijke Philips Electronics N.V.’s subsidiary in the United States, TH Agriculture & Nutrition L.L.C. (THAN).
THAN…
Koninklijke Philips Electronics N.V.’s recorded provision for loss contingencies on asbestos product liability amounted to EUR640 million at Dec. 31, 2008 (EUR316 million at Dec. 31, 2007), according to a Company report, on Form 6-K, filed with the Securities and…
During 2008, Koninklijke Philips Electronics N.V. (Royal Philips Electronics) recorded an asbestos-related settlement charge of EUR239 million, according to the Company’s annual report, on Form 20-F, filed with the Securities and Exchange Commission on Feb. 23, 2009.
Headquartered in Amsterdam, The…
Koninklijke Philips Electronics N.V. faces actions in the United States, relating primarily to the activities of its U.S. subsidiary TH Agriculture & Nutrition L.L.C. (THAN) prior to 1981, involving allegations of personal injury from alleged asbestos exposure.
The claims generally relate…