ASBESTOS LITIGATION: 3M Co. Records $131M Liabilities at June 30

3M Company’s liabilities for asbestos or respirator mask claims were US$131 million as of June 30, 2009, compared with US$140 million as of Dec. 31, 2008.

The Company’s liabilities for asbestos or respirator mask claims were US$133 million as of March…

ASBESTOS LITIGATION: 3M Records $34M Aearo Liability at June 30

3M Company, through its Aearo Technologies subsidiary, as of June 30, 2009, has recorded US$34 million as an estimate of the probable liabilities for product liabilities and defense costs related to current and future Aearo-related asbestos and silica- related claims.

The…

ASBESTOS LITIGATION: 3M Faces 2,640 Respirator Claims at June 30

3M Company, as of June 30, 2009, faced respirator mask and asbestos lawsuits that purport to represent 2,640 individual claimants.

As of March 31, 2009, the Company faced respirator mask and asbestos lawsuits that purport to represent 2,680 individual claimants. (Class…

ASBESTOS LITIGATION: Settlement Entered in 3M Derivative Action

3M Company has entered into a settlement of a shareholder derivative lawsuit filed in the U.S. District Court for the District of Delaware captioned Insulators and Asbestos Workers Local No. 14 Pension Fund v. George W. Buckley, et al., C.A.…

ASBESTOS LITIGATION: Baggett Suit v. 33 Firms Filed in Jefferson

Linda Dale Baggett McLemore, Larry Donald Baggett and Hazel Baggett (on behalf of Lawrence Baggett) filed an asbestos lawsuit against 33 defendant corporations in Jefferson County District Court, Tex., on May 20, 2009, The Southeast Texas Record reports.

The defendants include…

ASBESTOS LITIGATION: 3M Co. Cites $133M Liabilities at March 31

3M Company’s liabilities for asbestos or respirator mask claims were US$133 million as of March 31, 2009, compared with US$140 million as of Dec. 31, 2008.

The Company’s insurance receivables for asbestos or respirator mask claims were US$180 million as of…

ASBESTOS LITIGATION: Continental Case v. 3M Ongoing in Minnesota

An asbestos insurance lawsuit filed by insurers Continental Casualty and Continental Insurance Co. against 3M Company and other parties is ongoing in Ramsey County, Minn.

On Jan. 5, 2007 the Company was served with a declaratory judgment action filed on behalf…

ASBESTOS LITIGATION: 3M Has 2,680 Respirator Claims at March 31

3M Company, as of March 31, 2009, faced respirator mask and asbestos lawsuits that purport to represent 2,680 individual claimants, similar to the number of individual claimants with actions pending at Dec. 31, 2008.

Most of the lawsuits and claims resolved…

ASBESTOS LITIGATION: 3M Still Has $35MM March 31 Aearo Liability

3M Company, through its Aearo Technologies subsidiary, as of March 31, 2009, has recorded US$35 million as an estimate of the probable liabilities for product liabilities and defense costs related to current and future Aearo-related asbestos and silica- related claims.

Aearo,…

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