ASBESTOS LITIGATION: Bendix, NARCO June 30 Liability at $1.728B

Honeywell International Inc.’s asbestos liabilities for its Bendix friction materials business and its former North American Refractories Company (NARCO) unit were US$1.728 billion as of June 30, 2009.

Of this amount during the six months ended June 30, 2009, US$596 million…

ASBESTOS LITIGATION: Honeywell Has $1.557B Liability at June 30

Honeywell International Inc.’s long-term asbestos-related liabilities were US$1.557 billion as of June 30, 2009, compared with US$1.538 billion as of Dec. 31, 2008.

The Company’s long-term asbestos-related liabilities were US$1.550 billion as of March 31, 2009. (Class Action Reporter, May 1,…

ASBESTOS LITIGATION: Bendix Has 51,110 Exposure Cases at June 30

Honeywell International Inc.’s Bendix friction materials business faced 51,110 asbestos-related claims as of June 30, 2009, compared with 51,951 claims as of Dec. 31, 2008.

Bendix faced 51,791 unresolved asbestos claims during the three months ended March 31, 2009. (Class Action…

ASBESTOS LITIGATION: Ruling Upheld in Honeywell’s Favor in 2nd-Q

An appellate court, during the second quarter of 2009, upheld the Supreme Court of New York, County of New York’s ruling in favor of Honeywell International Inc.

In the second quarter of 2006, Travelers Casualty and Insurance Company filed a lawsuit…

ASBESTOS LITIGATION: Movants’ Bid Denied in Burns and Roe Action

The U.S. District Court, District of New Jersey, denied motions filed by Fireman’s Fund Insurance Company (FFIC) and The American Insurance Company in the case styled In re Burns and Roe Enterprises, Inc. et al., Debtors.

Chief Judge Garrett E. Brown…

ASBESTOS LITIGATION: Abatement at N.J. Newsprint Plant Completed

The MACK Group, LLC completed an asbestos removal and abatement project for an unnamed former newsprint company in the State of New Jersey, according to a MACK Group press release dated July 3, 2009.

The project was a challenge due to…

ASBESTOS LITIGATION: Court Issues Ruling in Eickleberry Lawsuit

The U.S. District Court, District of New Jersey, ruled against plaintiffs, in a case involving asbestos filed by Charles Eickleberry and other parties, finding that joinder of Plaintiffs’ claims under Rule 20 was not suitable.

The case is styled Charles Eickleberry,…

ASBESTOS LITIGATION: RAL Supply Still Faces 1 Action at March 3

Colonial Commercial Corp.’s subsidiary, The RAL Supply Group, Inc., is party to one asbestos-related lawsuit as of March 31, 2009, according to the Company’s quarterly report filed with the Securities and Exchange Commission on May 13, 2009.

RAL was formerly known…

ASBESTOS LITIGATION: Colonial Comm’l. Has 27 Claims at March 31

Colonial Commercial Corporation says that, as of March 31, 2009, there exist 27 plaintiffs in lawsuits relating to alleged sales of asbestos products, or products containing asbestos, by Hilco, Inc.

Subsequent to March 31, 2009, three plaintiffs have had their actions…

ASBESTOS LITIGATION: Congoleum Cites $48.75MM March 31 Liability

Congoleum Corporation’s current asbestos-related liabilities were US$48,759,000 at March 31, 2009, compared with US$50,022,000 million at Dec. 31, 2008, according to the Company’s quarterly report filed with the Securities and Exchange Commission on May 15, 2009.

Current asbestos reserves were US$19,048,000…

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