ASBESTOS UPDATE: Ballantyne Strong Subject to Exposure Lawsuits

Ballantyne Strong, Inc., from time to time, may be involved in various claims and legal actions, including asbestos-related, which are routine litigation matters incidental to the business.

The plaintiffs in the asbestos case entitled Manuel H.Chinea and Janet M. Chinea v.…

ASBESTOS UPDATE: Union Pacific June 30 Liability Totaled $157MM

Union Pacific Corporation’s asbestos liability totaled US$157 million for the six months ended June 30, 2011, compared with US$168 million for the six months ended June 30, 2010, according to the Company’s quarterly report filed on July 22, 2011 with…

ASBESTOS UPDATE: Ballantyne Cleared in Chinea Case Last April 8

Ballantyne Strong, Inc., on April 8, 2011, was formally dismissed from an asbestos case styled Manuel H.Chinea and Janet M. Chinea v. American Optical Company, Ballantyne Strong, Inc., a/k/a Ballantyne of Omaha, Inc., et al.

The case was filed in the…

ASBESTOS UPDATE: Union Pacific Posts $162MM Liability at Dec. 31

Union Pacific Corporation’s asbestos-related liability amounted to US$162 million at Dec. 31, 2010, compared with US$174 million at Dec. 31, 2009, according to the Company’s annual report filed with the Securities and Exchange Commission on Feb. 4, 2011.

Of the liability,…

ASBESTOS UPDATE: Red Willow Cty. Still Awaiting Cleanup Estimates

Commissioners at Red Willow County, Nebr., are still waiting for an asbestos removal cost estimated for a county-owned, 98-year-old apartment building, Mesothelioma.com reports.

Commissioners have accepted a US$24,500 bid from Maris General Construction LLC of McCook, Nebr., to demolish the apartment…

ASBESTOS UPDATE: Omaha Police HQ Needs $20MM to Remove Asbestos

The Police Department in Omaha, Nebr., said it will have to pay US$20 million to remove asbestos and make other needed upgrades to its headquarters building, KETV.com reports.

Officials said four of the building’s six floors have asbestos. The officials said…

ASBESTOS UPDATE: Union Pacific Posts $168MM Asbestos Liability

Union Pacific Corporation’s asbestos liability was US$168 million for the six months ended June 30, 2010, compared with US$208 million for the six months ended June 30, 2009, according to the Company’s quarterly report filed on July 23, 2010 with…

ASBESTOS LITIGATION: Union Pacific’s June 30 Liability at $208M

Union Pacific Corporation’s asbestos-related liability was US$208 million during the six months ended June 30, 2009, compared with US$258 million during the six months ended June 30, 2008.

Current asbestos liability was US$12 million during the six months ended June 30,…

ASBESTOS LITIGATION: Ballantyne Still Has Stehman Case in Calif.

Ballantyne of Omaha, Inc. continues to be a defendant in an asbestos case entitled Larry C. Stehman and Leila Stehman v. Asbestos Corporation, Limited and Ballantyne of Omaha, Inc. individually and as successor in interest to Strong International, Strong Electric…

ASBESTOS LITIGATION: Berkshire Reserves $10.7Bil for A&E in 2008

Berkshire Hathaway Inc.’s liabilities for environmental, asbestos and latent injury claims and claims expenses net of reinsurance recoverables were about US$10.7 billion at Dec. 31, 2008 and US$11.2 billion at Dec. 31, 2007.

These liabilities included about US$9.2 billion at Dec.…

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