BorgWarner Inc. had about 16,000 pending asbestos-related product liability claims as of June 30, 2011, compared with 17,000 claims as of Dec. 31, 2010, according to the Company’s quarterly report filed on July 28, 2011 with the Securities and Exchange…
BorgWarner Inc. has estimated a liability of US$55.2 million for asbestos claims asserted, but not yet resolved and their related defense costs at June 30, 2011.
The Company also has a related asset of US$55.2 million to recognize proceeds from the…
BorgWarner Inc. and certain of its other historical general liability insurers are still involved in an asbestos-related declaratory judgment action, filed in January 2004 in the Circuit Court of Cook County, Ill., by Continental Casualty Company and related companies (CNA).
The…
BorgWarner Inc. had about 16,000 pending asbestos product liability claims as of March 31, 2011 and 17,000 pending asbestos product liability claims as of Dec. 31, 2010.
Like many other industrial companies who have historically operated in the U.S., the Company…
BorgWarner Inc. has estimated a liability of US$54.0 million for asbestos claims asserted, but not yet resolved and their related defense costs at March 31, 2011.
The Company also has a related asset of US$54 million to recognize proceeds from the…
BorgWarner Inc. and certain of its other historical general liability insurers are still involved in an asbestos-related declaratory judgment action, filed in January 2004 in the Circuit Court of Cook County, Ill., by Continental Casualty Company and related companies (CNA).
The…
The Court of Appeals of Ohio, Eighth District, Cuyahoga County, affirmed the ruling of the Cuyahoga County Court of Common Pleas, which granted summary judgment in favor of BorgWarner Corporation in an asbestos case filed by Alice and Bernard Cantrell.
The…
The Supreme Court of New Jersey, on July 8, 2010, denied BorgWarner, Inc.’s Notice of Petition appealing the decision of the lower courts in an insurance-related asbestos action.
On April 5, 2010 the Superior Court of New Jersey Appellate Division affirmed…
BorgWarner, Inc. faced about 18,000 pending asbestos-related product liability claims as of both June 30, 2010 and Dec. 31, 2009, according to the Company’s quarterly report filed on July 30, 2010 with the Securities and Exchange Commission.
Like many other industrial…
BorgWarner, Inc. and certain of its historical general liability insurers continue to be party to a declaratory judgment action, filed in January 2004 in the Circuit Court of Cook County, Ill., by Continental Casualty Company and related companies (CNA).
CNA provided…