ASBESTOS UPDATE: Court Denies Disclosure Bid in Allison Lawsuit

The U.S. District Court, Eastern District of Pennsylvania, denied a request for disclosure of allegations of asbestos exposure contained in Douglas M. Allison’s settlement releases.

The case is styled Douglas M. Allison v. Goodyear Tire & Rubber Co.

U.S. Magistrate Judge Elizabeth…

ASBESTOS UPDATE: Crown Holdings Has $222MM for Claims at June 30

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…

ASBESTOS UPDATE: Ampco-Pittsburg Facing 8,155 Claims at June 30

Ampco-Pittsburgh Corporation was party to 8,155 open asbestos- related claims during the six months ended June 30, 2010, according to the Company’s quarterly report filed on Aug. 6, 2010 with the Securities and Exchange Commission.

During the six months ended June…

ASBESTOS UPDATE: Howden’s Lawsuit v. Ampco-Pittsburgh Continuing

Howden Buffalo, Inc.’s asbestos-related insurance lawsuit against its former parent, Ampco-Pittsburgh Corporation, is ongoing in the U.S. District Court for the Western District of Pennsylvania.

On Aug. 4, 2009, Howden filed the suit against the Company, two insurance companies that allegedly…

ASBESTOS UPDATE: Penn Millers’ June 30 A&E Liability at $2.3MM

Penn Millers Holding Corporation’s estimated liability for asbestos and environmental claims was US$2,301,000 at June 30, 2010 and US$2,397,000 at Dec. 31, 2009.

The Company’s estimated liability for A&E claims was US$2,318,000 at March 31, 2010. (Class Action Reporter, May 28,…

ASBESTOS UPDATE: PREIT Records $10MM-$20MM for A&E Coverage

Pennsylvania Real Estate Investment Trust has insurance coverage for certain asbestos and environmental claims up to US$10 million per occurrence and up to US$20 million in the aggregate.

The Company is aware of certain environmental matters at some of its properties,…

ASBESTOS UPDATE: 50,000 Claims Ongoing v. Crown Cork at June 30

Crown Holdings, Inc.’s subsidiary, Crown Cork & Seal Company, Inc., during the six months ended June 30, 2010, faced about 50,000 outstanding asbestos claims.

During the six months ended June 30, 2010, Crown Cork received about 1,100 new claims and settled…

ASBESTOS UPDATE: Allegheny Facing 868 Claims in W.Va. at June 30

Allegheny Energy, Inc.’s total number of claims alleging exposure to asbestos, as of June 30, 2010, was 868 in West Virginia and eight in Pennsylvania, according to the Company’s quarterly report filed on Aug. 6, 2010 with the Securities and…

ASBESTOS UPDATE: EPA Oversees Ambler Superfund Site Maintenance

The U.S. Environmental Protection Agency is overseeing stream bank maintenance work along the Wissahickon Creek at the former Ambler Asbestos Superfund Site in Pennsylvania, according to an EPA press release dated Aug. 24, 2010.

The maintenance work is needed to help…

ASBESTOS UPDATE: Claims Ongoing Against Crown Cork in Pa. Courts

Crown Holdings, Inc.’s subsidiary, Crown Cork & Seal Company, Inc., is still involved in asbestos-related lawsuits in Pennsylvania courts.

In December 2001, the Commonwealth of Pennsylvania enacted legislation that limits the asbestos-related liabilities of Pennsylvania corporations that are successors by corporate…

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