CIRCOR International, Inc.’s subsidiary, Leslie Controls, Inc., faced 1,214 open asbestos-related cases during the three months ended July 4, 2010, according to the Company’s quarterly report filed on Aug. 2, 2010 with the Securities and Exchange Commission.
During the three months…
CIRCOR International, Inc.’s subsidiary, Leslie Controls, Inc., recorded asbestos and bankruptcy charges of US$28,908,000 during the three months ended July 4, 2010, compared with US$3,443,000 during the three months ended June 28, 2009, according to the Company’s quarterly report filed…
CIRCOR International, Inc. says that as of July 4, 2010, it believes that the aggregate amount of indemnity (on a cash basis) remaining on subsidiary Leslie Controls, Inc.’s primary layer of asbestos insurance was about US$1.6 million.
However, after giving effect…
CIRCOR International, Inc. says the Bankruptcy Court scheduled a hearing for Aug. 9, 2010 on subsidiary Leslie Controls, Inc.’s request for a preliminary injunction that would bar the prosecution or commencement of asbestos claims until final approval of a Reorganization…
CIRCOR International, Inc. said that its Leslie Controls, Inc. subsidiary, on July 12, 2010, filed a pre-negotiated plan of reorganization as a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code in U.S. Bankruptcy Court for the District of…
The Court of Appeal, Second District, Division 7, California, conditionally affirmed the ruling of the Superior Court of Los Angeles County, which awarded judgment in favor of John R. Davis and Anna J. Davis, in an asbestos case filed against…
The Court of Appeal, Second District, California, reversed the ruling of the Superior Court of Los Angeles County, which favored Richard and Tamara Merrill in asbestos litigation filed against Leslie Controls, Inc. and Elliott Company.
The case is styled Richard Merrill…
CIRCOR International, Inc.’s subsidiary, Leslie Controls, Inc., as of the end of June 2009, faced 1,158 active, unresolved asbestos-related claims filed in California, Texas, New York, Massachusetts, Illinois, Pennsylvania, West Virginia, Rhode Island and 23 other states.
Leslie, as of March…
CIRCOR International, Inc. says that, as of June 28, 2009, the aggregate amount of indemnity (on a cash basis) remaining on subsidiary Leslie Controls, Inc.’s primary layer of asbestos insurance was about US$4 million.
After giving effect to the Company’s accrual…
CIRCOR International, Inc.’s subsidiary, Leslie Controls, Inc., has reduced its asbestos insurance recovery receivable by US$2.1 million in the first quarter of 2009.
During the first quarter of 2009, one of Leslie’s other primary insurers, Continental Casualty, a CNA company, informed…