ASBESTOS UPDATE: Foster Wheeler Units Facing 290 Claims in U.K.

Foster Wheeler AG’s subsidiaries faced 290 open asbestos-related claims as of June 30, 2011, according to the Company’s quarterly report filed on Aug. 4, 2011 with the Securities and Exchange Commission.

Some of the Company’s subsidiaries in the United Kingdom have…

ASBESTOS UPDATE: Cases v. Transocean Unit Drop to 977 at June 30

Transocean Ltd. says that, as of June 30, 2011, one of its subsidiaries was a defendant in about 977 asbestos-related lawsuits, according to the Company’s quarterly report filed on Aug. 3, 2011 with the Securities and Exchange Commission.

As of March…

ASBESTOS UPDATE: Foster Wheeler Has $3.4MM Net Claims Provisions

Foster Wheeler AG’s net asbestos-related provision amounted to US$3,427,000 during the quarter ended June 30, 2011, compared with US$4,044,000 during the quarter ended June 30, 2010.

The Company’s net asbestos-related provision amounted to US$400,000 during the fiscal three months ended March…

ASBESTOS UPDATE: 4,400 Lawsuits Still Pending v. Tyco at June 30

There were about 4,400 asbestos lawsuits as of June 24, 2011 that were pending against Tyco International Ltd., its subsidiaries or entities for which the Company has assumed responsibility.

There were about 4,400 lawsuits as of March 25, 2011 pending against…

ASBESTOS UPDATE: Noble Corp. Facing 29 Injury Cases at March 31

Noble Corporation says that, at March 31, 2011, there were about 29 asbestos lawsuits in which it is one of many defendants, according to the Company’s quarterly report filed with the Securities and Exchange Commission on May 6, 2011.

The Company…

ASBESTOS UPDATE: 123,580 Cases in U.S. Pending v. Foster Wheeler

Foster Wheeler AG’s subsidiaries in the United States faced 123,580 open asbestos claims during the three months ended March 31, 2011, compared with 125,430 claims during the three months ended March 30, 2010.

During the fiscal three months ended March 31,…

ASBESTOS UPDATE: Transocean Unit Faces 1,028 Actions at March 31

A subsidiary of Transocean Ltd., as of March 31, 2011, was a defendant in about 1,028 asbestos-related lawsuits, according to the Company’s quarterly report filed with the Securities and Exchange Commission on May 4, 2011.

The Company subsidiary was involved in…

ASBESTOS UPDATE: Foster Wheeler Has $400T Net Claims Provisions

Foster Wheeler AG’s net asbestos-related provision amounted to US$400,000 during the fiscal three months ended March 31, 2011, according to a Company press release dated May 3, 2011.

Net asbestos-related gain amounted to US$747,000 during the fiscal three months ended March…

ASBESTOS UPDATE: Tyco Int’l. Still Has 4,400 Actions at March 25

There were about 4,400 lawsuits as of March 25, 2011 pending against Tyco International Ltd. and its subsidiaries or entities for which the Company has assumed responsibility.

There were about 4,400 asbestos lawsuits pending against the Company and its subsidiaries or…

ASBESTOS UPDATE: Noble Corp. Facing 39 Exposure Suits at June 30

Noble Corporation says that, at June 30, 2010, there were about 39 asbestos lawsuits in which it is one of many defendants.

The Company is, from time to time, a party to various lawsuits that are incidental to its operations in…

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