Todd Shipyards Corporation, as of Jan. 2, 2011, has recorded an asbestos-related bodily injury liability reserve of US$2.5 million and a bodily injury insurance receivable of US$1.7 million, according to the Company’s quarterly report filed with the Securities and Exchange…
Todd Shipyards Corporation, as of July 4, 2010, has recorded an asbestos bodily injury liability reserve of US$2.8 million and a bodily injury insurance receivable of US$1.9 million.
This compares to a previously recorded bodily injury reserve and insurance receivable of…
Todd Shipyards Corporation faced a total of 565 outstanding asbestos claims as of March 28, 2010, compared with 535 outstanding claims as of March 29, 2009, according to the Company’s annual report filed on June 10, 2010 with the Securities…
Todd Shipyards Corporation is currently defending about 557 asbestos claims, of which 11 are “malignant” claims and 546 are “non-malignant” claims.
The Company is named as a defendant in civil actions by parties alleging damages from past exposure to toxic substances,…