Crane Co.’s long-term asbestos liability was US$672,848,000 as of June 30, 2010, compared with US$720,713,000 as of Dec. 31, 2009, according to a Company report, on Form 8-K, filed with the Securities and Exchange Commission on July 26, 2010.
The Company’s…
Crane Co. faced 65,352 pending asbestos-related claims during the three months ended June 30, 2010, compared with 71,420 claims during the three months ended June 30, 2009.
During the three months ended June 30, 2010, the Company recorded 824 new claims,…
Crane Co.’s appeal over the James Baccus asbestos claim is ongoing before the Superior Court of Pennsylvania.
On March 14, 2008, the Company received an adverse verdict in the James Baccus claim in Philadelphia, with compensatory damages of US$2.45 million and…
Crane Co. says that the Patrick O’Neil asbestos-related claim is currently the subject of further appellate proceedings before the Supreme Court of California.
During the fourth quarter of 2007 and the first quarter of 2008, the Company tried several cases resulting…
Post-trial motions were filed by both Crane Co. and plaintiffs in the James Nelson and Larry Bell asbestos-related lawsuits.
On March 23, 2010, a Philadelphia County, Pa., state court jury found the Company responsible for a 1/11th share of a US$14.5…
Crane Co. says that plaintiffs’ appeal over a ruling that favored the Company, in the Dennis Woodard asbestos claim, is ongoing.
On Feb. 2, 2009, the Company received an adverse verdict in the Dennis Woodard claim in Los Angeles. The jury…
Crane Co. is pursuing an appeal in the Chief Brewer asbestos- related lawsuit, according to a Company report, on Form 8-K, filed with the Securities and Exchange Commission on July 26, 2010.
On May 16, 2008, the Company received an adverse…
The asbestos-related gross settlement and defense costs incurred (before insurance recoveries and tax effects) for Crane Co. totaled US$52 million for the six months ended June 30, 2010 and US$59.3 million for the six months ended June 30, 2009.
The gross…
A couple from Port Arthur, Tex., Floyd D. Gladden Jr. and Rebecca E. Gladden, on May 3, 2010, filed an asbestos-related lawsuit against 30 defendant corporations in Jefferson County District Court, Tex., The Southeast Texas Record reports.
Manufacturing and equipment defendants…
Cleveland J. Savoy, on Nov. 5, 2009, filed an asbestos-related lawsuit against 38 defendant corporations in Jefferson County District Court, Tex., The Southeast Texas Record reports.
Defendants include A.O. Smith Corporation, A.W. Chesterton Company, American Optical, AMETEK Inc., Babcock Borsig AG,…