ASBESTOS UPDATE: Reading Subject to Potential Exposure Lawsuits

From time to time, Reading International, Inc. has claims brought against it relating to the exposure of former employees of its railroad operations to asbestos and coal dust.

These are generally covered by an insurance settlement reached in September 1990 with…

ASBESTOS LITIGATION: Reading Cites $8.1MM for Cleanup at Dec. 31

Reading International, Ltd., as of Dec. 31, 2008, estimates that the total site preparation costs associated with the removal of this asbestos-contaminated soil at its 50-acre Burwood site in Melbourne, Australia, will be US$8.1 million (AUD9.6 million).

As of Dec. 31,…