Crown Holdings, Inc., during the six months ended June 30, 2011, paid US$10 million to settle outstanding asbestos claims and had 1,000 new claims.
During the six months ended June 30, 2011, the Company recorded 1,000 settlements or dismissals and 50,000…
Crown Holdings, Inc.’s accrual for pending and future asbestos- related claims and related legal costs was US$239 million as of June 30, 2011, including US$189 million for unasserted claims.
The Company’s accrual for pending and future asbestos-related claims and related legal…
Crown Holdings, Inc.’s subsidiary, Crown Cork & Seal Company, Inc., continues to be involved in asbestos-related lawsuits in Texas and Pennsylvania courts.
In June 2003, the State of Texas enacted legislation that limits the asbestos-related liabilities in Texas courts of companies…
A second asbestos lawsuit on behalf of James Lee Purks was filed against 18 defendant corporations in Jefferson County District Court, Tex., on Aug. 4, 2011, The Southeast Texas Record reports.
The suit was filed by James Purks’ family (Patricia, Robert,…
Crown Holdings, Inc.’s accrual for pending and future asbestos- related claims and related legal costs was US$243 million as of March 31, 2011, including US$192 million for unasserted claims, according to the Company’s quarterly report filed with the Securities and…
Crown Holdings, Inc.’s subsidiary, Crown Cork and Seal Company, during the three months ended March 31, 2011, received about 600 new asbestos claims, settled or dismissed about 500 claims for a total of US$4 million, and had about 50,000 claims…
Crown Holdings, Inc.’s subsidiary, Crown Cork and Seal Company, Inc., received 2,000 new asbestos claims during 2010 and 2009 and 3,000 claims during 2008.
Crown Cork settled or dismissed 2,000 claims during 2010 and 2009 and 3,000 claims during 2008.
Crown Cork…
Crown Holdings, Inc.’s accrual for pending and future asbestos- related claims and related legal costs was US$249 million as of Dec. 31, 2010, including US$196 million for unasserted claims.
The Company’s accrual includes estimates for probable costs for claims through the…
Crown Holdings, Inc. says that on Oct. 22, 2010, the Texas Supreme Court, in a 6-2 decision, reversed a lower court decision, Barbara Robinson v. Crown Cork & Seal Company, Inc., No. 14-04-00658-CV, Fourteenth Court of Appeals, Texas, which had…
As of June 30, 2010, Crown Holdings, Inc.’s accrual for pending and future asbestos-related claims and related legal costs was US$222 million, including US$169 million for unasserted claims and US$1 million for committed settlements that will be paid over time.
The…