The gross settlement and defense costs incurred (before insurance recoveries and tax effects) for Crane Co. were US$59.3 million during the six-month period ended June 30, 2009, compared with US$43.4 million during the six-month period ended June 30, 2008.
The gross…
Crane Co.’s long-term asbestos liability was US$791,187,000 as of June 30, 2009, compared with US$839,496,000 as of Dec. 31, 2008, according to a Company report, on Form 8-K, filed with the Securities and Exchange Commission on July 28, 2009.
Current asbestos…
The District of Columbia Court of Appeals reversed the ruling of the Superior Court of District of Columbia, which granted summary judgment in favor of Crane Co., in an asbestos case filed by Mildred Debnam on behalf of her husband…
Crane Co. is pursuing an appeal over the verdict in the asbestos case of Chief Brewer, according to a Company report, on Form 8- K, filed with the Securities and Exchange Commission on July 28, 2009.
On May 16, 2008, the…
Derrill and Carolyn Conley, on July 21, 2009, filed an asbestos lawsuit against 14 defendant corporations in Jefferson County District Court, Tex., The Southeast Texas Record reports.
The Conleys claim Mr. Conley developed an asbestos-related disease during the course of his…
Asbestos claims against Crane Co. dropped to 71,420 during the three and six months ended June 30, 2009 from 81,979 claims during the three and six months ended June 30, 2008.
The Company faced 75,266 asbestos claims during the three months…
Crane Co. says that, on June 30, 2009, a California court advised that the Company’s motion in the Dennis Woodard claim was granted.
Judgment was entered in favor of the Company.
On Feb. 2, 2009, the Company received an adverse verdict in…
The California Supreme Court, on July 8, 2009, denied a review bid for an asbestos liability case in which a Los Angeles judge blasted the unnamed plaintiff’s firm, Waters & Kraus, for engaging in a “type of judicially sanctioned extortion,”…
The Court of Appeal, First District, Division 5, California, affirmed rulings in favor of various manufacturers in asbestos cases styled Vickie L. Taylor, Plaintiff and Appellant v. Elliott Turbomachinery Co., Inc., Defendant and Respondent and Vickie L. Taylor, Plaintiff and…
Geri A. Koons, on behalf of Lewis Ayala, filed an asbestos lawsuit against 37 defendant corporations in Jefferson County District Court, Tex., on June 2, 2009, The Southeast Texas Record reports.
These defendants include, A.O. Smith Corp., A.W. Chesterton Co., Afton…