ASBESTOS UPDATE: Thomas Accrues $1.4MM June 30 Cleanup Liability

Thomas Properties Group, Inc., as of June 30, 2011, had accrued about $1.4 million for estimated future costs of asbestos removal or abatement at its City National Plaza and Brookhollow Central properties.

Some of the Company’s properties may contain asbestos-containing materials.…

ASBESTOS UPDATE: 2 Firms Fined $110T for Violations at Monterey

Two companies had agreed to settle US$110,000 in fines for asbestos violations stemming from a 2009 renovation project at Windsor Monterey Care Center, the Monterey County Herald reports.

The work involved scraping an asbestos-laden acoustic ceiling. The facility’s parent company was…

ASBESTOS UPDATE: California Water Involved in Exposure Lawsuits

From time to time, California Water Service Group has been named as a co-defendant in several asbestos related lawsuits, according to the Company’s annual report filed with the Securities and Exchange Commission on Aug. 5, 2011.

Several of these cases against…

ASBESTOS UPDATE: Court Affirms SeaRiver Summary Judgment Motion

The California Court of Appeal, First District, Division 4, upheld SeaRiver Maritime, Inc.’s motion for summary judgment, in a case involving asbestos filed by Alan Bartholomew.

Patricia Sepulveda, Ignazio Ruvolo, and Maria Rivera entered judgment in the case.

Between 1977 and 1980,…

ASBESTOS UPDATE: Hearing for Woodard Appeal This Month

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…

ASBESTOS UPDATE: 20 Lawsuits Pending v. Ameron Int’l. at May 29

Ameron International Corporation was a defendant in 20 asbestos- related cases as of May 29, 2011, compared with 16 cases as of Feb. 27, 2011.

The Company is a defendant in a number of asbestos-related personal injury lawsuits. These cases generally…

ASBESTOS UPDATE: Orchard Supply Subject to Two Liability Actions

Orchard Supply Hardware Stores Corporation is currently a party in two product liability cases, both pertaining to asbestos, according to a Company report, on Form S-1, filed with the Securities and Exchange Commission on June 23, 2011.

These asbestos cases are…

ASBESTOS UPDATE: Calif. Developer Sentenced to 4 Years in Prison

A Los Angeles federal judge, on June 6, 2011, sentenced developer Charles Yi to four years in prison for violating asbestos handling laws during the renovation of an apartment complex in the San Fernando Valley, The Associated Press reports.

Mr. Yi,…

ASBESTOS UPDATE: Katy Ind. Cites 2,860 Tendered Sterling Actions

Katy Industries, Inc. says that Sterling Fluid Systems (USA) has tendered about 2,860 asbestos cases pending in Michigan, New Jersey, New York, Illinois, Nevada, Mississippi, Wyoming, Louisiana, Georgia, Massachusetts, Missouri, Kentucky, California, South Carolina and Canada to the Company for…

ASBESTOS UPDATE: Pacific Office Has $600T Liability at March 31

Pacific Offshore Properties Trust, Inc.’s liability in its consolidated balance sheets for asbestos-related conditional asset retirement obligations was US$600,000 as of March 31, 2011 and Dec. 31, 2010.

The Company records a liability for a conditional asset retirement obligation, defined as…

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