The Superior Court of Delaware, New Castle County, granted Crane Co.’s motion for summary judgment in an asbestos-related lawsuit filed by Wesley K. Davis.
Judge Peggy L. Ableman entered judgment in Civil Action No. 09C-08-258 ASB on June 7, 2011.
Wesley K.…
Crane Co. says that all appeals in the Larry Bell and James Nelson asbestos-related claims are still pending.
On March 23, 2010, a Philadelphia County state court jury found the Company responsible for a 1/11th share of a US$14.5 million verdict…
Crane Co. faced 56,403 asbestos claims for the three and six months ended June 30, 2011, compared with 65,352 claims for the three and six months ended June 30, 2010, according to a Company report, on Form 8-K, filed with…
Crane Co. says that a court will hear an appeal in Dennis Woodard’s asbestos-related claim in August 2011.
On Feb. 2, 2009, the Company received an adverse verdict in the Dennis Woodard claim in Los Angeles. The jury found that the…
The gross asbestos-related settlement and defense costs incurred (before insurance recoveries and tax effects) for Crane Co. totaled US$56.2 million for the six months ended June 30, 2011 and US$52 million for the six months ended June 30, 2010.
The gross…
Crane Co. continues to pursue an appeal in the Chief Brewer asbestos-related action.
On May 16, 2008, the Company received an adverse verdict in the Chief Brewer claim in Los Angeles. The amount of the judgment entered was US$680,000 plus interest…
Crane Co.’s long-term asbestos liability amounted to US$570,768,000 as of June 30, 2011, compared with US$619,666,000 as of Dec. 31, 2010, according to a Company report, on Form 8-K, filed on July 25, 2011 with the Securities and Exchange Commission.
The…
The gross settlement and defense costs incurred (before insurance recoveries and tax effects) for Crane Co. totaled US$27.6 million for the three-month period ended March 31, 2011, compared with US$27.5 million for the three-month period ended March 31, 2010.
The Company’s…
Crane Co. says that all appeals in the Larry Bell and James Nelson asbestos claims are pending.
On March 23, 2010, a Philadelphia County state court jury found the Company responsible for a 1/11th share of a US$14.5 million verdict in…
The James Baccus asbestos claim was concluded by settlement in the fourth quarter of 2010 during the pendency of Crane Co.’s appeal to the Superior Court of Pennsylvania.
On March 14, 2008, the Company received an adverse verdict in the James…