ASBESTOS UPDATE: Union Carbide Corp. Seeks to Vacate $322M Award

Union Carbide Corporation has requested a US$322 million asbestos verdict be vacated and Smith County, Miss., Judge Eddie Bowen recuse himself from the case, LegalNewsline.com reports.

The Company recently found that Judge Bowen’s father filed two asbestos lawsuits in state courts…

ASBESTOS UPDATE: Union Carbide Insurance Coverage Action Ongoing

Union Carbide Corporation’s asbestos-related insurance litigation filed in New York is ongoing.

In September 2003, the Company filed a comprehensive insurance coverage case, now proceeding in the Supreme Court of the State of New York, County of New York, seeking to…

ASBESTOS UPDATE: Union Carbide Has $50MM Receivable at March 31

Union Carbide Corporation’s receivable for insurance recoveries related to its asbestos liability was US$50 million at March 31, 2011, and Dec. 31, 2010.

At March 31, 2011 and Dec. 31, 2010, all of the receivable for insurance recoveries was related to…

ASBESTOS UPDATE: Union Carbide Has $13MM March 31 Defense Costs

Union Carbide Corporation posted asbestos-related defense costs of US$13 million during the three months ended March 31, 2011, compared with US$14 million during the three months ended March 31, 2010.

Resolution costs were US$9 million during the three months ended March…

ASBESTOS UPDATE: Union Carbide Facing 61,249 Claims at March 31

Union Carbide Corporation faced 61,249 unresolved asbestos claims at March 31, 2011, compared with 74,839 claims at March 31, 2010.

The Company is and has been involved in a large number of asbestos-related suits filed primarily in state courts during the…

ASBESTOS UPDATE: Appeal Court Issues Various Rulings in UCC Case

The Court of Appeals of New York issued split rulings in a case involving asbestos styled Union Carbide Corporation, Appellant v. Affiliated FM Insurance Company, et al., Defendants, Continental Casualty Company, et al., Respondents.

Judges Smith, Lippman, Ciparick, Graffeo, Read, Pigott,…

ASBESTOS UPDATE: Court Flips Summary Judgment in Steadman Action

The Court of Appeals on Oregon reversed the ruling of the Multnomah County Circuit Court, which granted summary judgment in favor of Union Carbide, in an asbestos case filed on behalf of Craig Steadman.

Judges Schuman, Armstrong, and Rosenblum entered judgment…

ASBESTOS UPDATE: Cook Case v. 50 Firms Filed in Galveston County

Michael Ray Cook and his wife, on Jan. 28, 2011, filed an asbestos lawsuit against 50 defendant corporations in Galveston County District Court, Tex., The Southeast Texas Record reports.

According to the suit, Mr. Cook says he came into contact with…

ASBESTOS UPDATE: Edwards Family Awarded $2.4Mil in Compensation

A jury in Maryland has awarded US$2.4 million to the family of Daniel Edwards, a forklift driver who filed a mesothelioma lawsuit against Union Carbide Corporation, which will be reduced to US$2.2 million under the Maryland cap on damages, AboutLawsuits.com…

ASBESTOS UPDATE: Union Carbide Has 66,099 Open Claims at June 30

Union Carbide Corporation faced 66,099 unresolved asbestos claims at June 30, 2010, compared with 74,957 unresolved claims at June 30, 2009, according to the Company’s quarterly report filed on Aug. 4, 2010 with the Securities and Exchange Commission.

The Company faced…

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