Ampco-Pittsburgh Corporation’s long-term asbestos-related liabilities amounted to US$190,268,619 as of March 31, 2011, compared with US$193,603,000 as of Dec. 31, 2010.
The Company’s current asbestos liabilities amounted to US$25 million as of both March 31, 2011 and Dec. 31, 2010.
The Company’s…
The dismissal of Ampco-Pittsburgh Corporation from an asbestos- related insurance litigation regarding Howden North America, Inc. is now in process.
Certain of the Company’s subsidiaries and the Company have an arrangement (Coverage Arrangement) with insurers responsible for historical primary and some…
Ampco-Pittsburgh Corporation faced about 8,668 open asbestos claims for the three months ended March 31, 2011, compared with 8,081 open claims for the year ended Dec. 31, 2010.
For the three months ended March 31, 2011, gross settlement and defense costs…
Ampco-Pittsburgh Corporation and its Air & Liquid Systems Corporation, since Feb. 24, 2011, is pursuing a lawsuit in the U.S. District Court for the Western District of Pennsylvania against 13 domestic insurance companies, certain underwriters at Lloyd’s, London and certain…
Ampco-Pittsburgh Corporation’s long-term asbestos liability was US$193,603,000 during the year ended Dec. 31, 2010, compared with US$147,093,000 during the year ended Dec. 31, 2009.
The Company’s long-term asbestos liability was US$138,729,330 as of Sept. 30, 2010. (Class Action Reporter, Nov. 12,…
Ampco-Pittsburgh Corporation and a certain carrier concluded a settlement generally consistent with a Coverage Arrangement in a lawsuit filed by Howden North America, Inc. and all claims between that carrier and the Company were dismissed with prejudice on Dec. 8,…
Ampco-Pittsburgh Corporation and its Air & Liquid Systems Corporation subsidiary, on Feb. 24, 2011, filed a lawsuit in the U.S. District Court for the Western District of Pennsylvania against 13 domestic insurance companies, certain underwriters at Lloyd’s, London and certain…
Ampco-Pittsburgh Corporation faced 8,081 open asbestos-related claims during the year ended Dec. 31, 2010, compared with 8,168 claims during the year ended Dec. 31, 2009, according to the Company’s annual report filed with the Securities and Exchange Commission on March…
Ampco-Pittsburgh Corporation’s loss from operations for the three months ended Dec. 31, 2010 equaled US$(12,399,000) and includes a pre-tax charge of US$19,980,000 for additional net asbestos litigation costs through 2020 associated with products manufactured decades ago by the Air and…
Ampco-Pittsburgh Corporation was party to 8,155 open asbestos- related claims during the six months ended June 30, 2010, according to the Company’s quarterly report filed on Aug. 6, 2010 with the Securities and Exchange Commission.
During the six months ended June…