Corning Incorporated says the liability for the amended Pittsburgh Corning Corporation plan of reorganization and the non-PCC asbestos claims was estimated to be US$644 million at June 30, 2011, compared with an estimate of the liability of US$633 million at…
Corning Incorporated recorded asbestos litigation charges of US$5 million during the three months ended June 30, 2011 and June 30, 2010, according to a Company report, on Form 8-K, filed with the Securities and Exchange Commission on July 27, 2011.
In…
Corning Incorporated says the liability for Amended Pittsburgh Corning Corporation Plan and non-PCC asbestos claims was estimated to be US$638 million at March 31, 2011, compared with an estimate of the liability of US$633 million at December 31, 2010.
The Company…
Corning Incorporated recorded an asbestos litigation charge of US$5 million during the three months ended March 31, 2011, according to a Company press release dated April 27, 2011.
The Company recorded an asbestos litigation credit of US$52 million during the three…
Corning Incorporated is currently involved in about 10,300 other cases (about 38,700 claims) alleging injuries from asbestos and similar amounts of monetary damages per case, according to the Company’s quarterly report filed on July 30, 2010 with the Securities and…
Corning Incorporated, in the six months ended June 30, 2010, recorded a US$47 million decrease to its asbestos settlement liability compared to an increase of US$9 million for the same period last year, according to the Company’s quarterly report filed…
The Supreme Court, New York County, New York, issued various rulings in a case involving asbestos styled Mt. McKinley Insurance Company (f/k/a Gibraltar Casualty Company) and Everest Reinsurance Company (f/k/a Prudential Reinsurance Company), Plaintiffs v. Corning Incorporated, et al., Defendants.
Judge…
Corning Incorporated, in the first quarter of 2010, recorded a net asbestos-related credit of US$52 million (US$33 million after-tax) due largely to the change in terms of a proposed settlement, according to a Company press release dated April 28, 2010.
During…
Corning Inc., as of June 30, 2009, is involved in about 10,300 asbestos (about 42,800 claims), which are not-related to Pittsburgh Corning Corporation (PCC), alleging injuries from asbestos.
The Company and PPG Industries, Inc. each own 50 percent of the capital…
Corning Incorporation, in the second quarter of 2009, recorded charges of US$5 million (US$3 million after-tax) to adjust the asbestos litigation liability for the change in value of the components of the Amended Pittsburgh Corning Corporation (PCC) Plan of Reorganization.
In…