CSX Corporation’s current asbestos reserves amounted to US$9 million as of both July 1, 2011 and Dec. 31, 2010, according to the Company’s quarterly report filed with the Securities and Exchange Commission on July 1, 2011.
The Company’s current asbestos reserves…
CSX Corporation’s current asbestos reserves amounted to US$9 million as of both April 1, 2011 and Dec. 31, 2010, according to the Company’s quarterly report filed with the Securities and Exchange Commission on April 20, 2011.
Long-term asbestos reserves were US$65…
CSX Corporation continues to be involved in occupational claims that arise from allegations of exposure to certain materials in the workplace, such as asbestos, according to the Company’s quarterly report filed on July 15 2010 with the Securities and Exchange…
The Appellate Court of Illinois, Fifth District, reversed the ruling of the Circuit Court of Madison County, which dismissed Cynthia Simpkins’ asbestos case filed against CSX Corporation and CSX Transportation, Inc.
The matter was remanded for further proceedings.
The case is styled…
CSX Corporation, during the second quarter of 2009, reduced its asbestos reserves by US$18 million, according to the Company’s quarterly report filed with the Securities and Exchange Commission on July 15, 2009.
This reserve reduction is related to about 1,500 claims…
The U.S. Supreme Court overturned a decision to award railroad worker Thurston Hensley US$5 million for alleged exposure to asbestos, the Mesothelioma Cancer News reports.
The court decided 7-2 that Mr. Hensley, who sued CSX Corporation alleging he feared developing cancer…
CSX Corporation continues to be subject to occupational claims, including asbestos-related claims, according to the Company’s quarterly report filed with the Securities and Exchange Commission on April 15, 2009.
Occupational claims arise from allegations of exposure to certain materials in the…
CSX Corporation had 4,904 open asbestos and other occupational claims at December 2008, compared with 10,988 claims at December 2007.
For the fiscal year ended December 2008, the Company noted 400 new claims filed, 392 claims settled, and 6,092 claims dismissed.…
CSX Corporation’s total liabilities related to asbestos claims were US$124 million at December 2008 and US$129 million at December 2007, according to the Company’s annual report filed with the Securities and Exchange Commission on Feb. 19, 2009.
Current liabilities related to…