ASBESTOS UPDATE: Colfax Reserves $418.9MM for Claims at July 1

Colfax Corporation has established reserves of US$418.9 million as of July 1, 2011, and US$429.7 million as of Dec. 31, 2010 for the probable and reasonably estimable asbestos-related liability cost it believes its subsidiaries will pay through the next 15…

ASBESTOS UPDATE: 22,020 Claims Pending v. Colfax Corp. at July 1

Colfax Corporation faced 22,020 unresolved asbestos claims during the six months ended July 1, 2011, compared with 25,270 claims during the six months ended July 2, 2010.

The Company faced 21,774 unresolved asbestos claims during the three months ended April 1,…

ASBESTOS UPDATE: Colfax Accrues $37.09MM Liabilities at July 1

Colfax Corporation’s accrued asbestos liability was US$37,098,000 as of July 1, 2011, compared with US$37,875,000 as of Dec. 31, 2010, according to the Company’s quarterly report filed on July 29, 2011 with the Securities and Exchange Commission.

The Company’s accrued asbestos…

ASBESTOS UPDATE: Colfax Records $1.92MM Liability, Defense Costs

Colfax Corporation recorded an asbestos liability and defense cost of US$1,920,000 during the three months ended July 1, 2011, compared with US$542,000 during the three months ended July 2, 2010.

Asbestos coverage litigation expense was US$3,302,000 during the three months ended…

ASBESTOS UPDATE: Colfax Posts $2.1MM April 1 Litigation Expense

Colfax Corporation’s asbestos coverage litigation expense amounted to US$2,066,000 during the three months ended April 1, 2011, compared with $3,881,000 during the three months ended April 2, 2010.

Asbestos coverage litigation expenses were US$2,433,000 during the three months ended Dec. 31,…

ASBESTOS UPDATE: Colfax Reserves $425.8MM for Claims at April 1

Colfax Corporation has established reserves of US$425.8 million as of April 1, 2011 and US$429.7 million as of Dec. 31, 2010 for the probable and reasonably estimable asbestos-related liability cost it believes its subsidiaries will pay through the next 15…

ASBESTOS UPDATE: Colfax Corp. Facing to 21,774 Claims at April 1

Colfax Corporation faced 21,774 unresolved asbestos claims during the three months ended April 1, 2011, compared with 25,306 claims during the three months ended April 2, 2010, according to the Company’s quarterly report filed with the Securities and Exchange Commission…

ASBESTOS UPDATE: Colfax Accrues $37.49MM Liabilities at April 1

Colfax Corporation’s accrued asbestos liability was US$37,487,000 as of April 1, 2011, compared with US$37,875,000 as of Dec. 31, 2010, according to the Company’s quarterly report filed with the Securities and Exchange Commission on May 3, 2011.

The Company’s long-term asbestos…

ASBESTOS UPDATE: Colfax Cites $4.5M Litigation Expense at July 2

Colfax Corporation’s asbestos coverage litigation expenses were US$4,543,000 during the three months ended July 2, 2010, compared with US$4,027,000 during the three months ended July 3, 2009, according to a Company press release dated July 28, 2010.

The Company recorded asbestos…

ASBESTOS UPDATE: Colfax Reserves $455.6Mil for Claims at Oct. 2

Colfax Corporation has established reserves of US$455.6 million and as of Oct. 2, 2009 and US$357.3 million as of Dec. 31, 2008 for the probable and reasonably estimable asbestos-related liability cost it believes the subsidiaries will pay through the next…

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