ASBESTOS LITIGATION: Transocean Still Faces Suits in Mississippi

Certain subsidiaries of Transocean Ltd. continue to face asbestos exposure lawsuits in the Circuit Courts of the State of Mississippi.

In 2004, several of the Company’s subsidiaries were named, along with numerous unaffiliated defendants, in 21 complaints involving 750 plaintiffs that…

ASBESTOS LITIGATION: Transocean Unit Has 1,065 Suits at March 31

A subsidiary of Transocean Ltd. faced 1,065 asbestos lawsuits as of March 31, 2009, according to the Company’s latest quarterly report filed with the Securities and Exchange Commission.

An unnamed Company subsidiary, as of Dec. 31, 2008, was a defendant in…

ASBESTOS LITIGATION: Tyco Int’l. Facing 4,700 Cases at March 27

About 4,700 asbestos liability cases are pending against Tyco International Ltd. and its subsidiaries as of March 27, 2009, according to the Company’s quarterly report filed with the Securities and Exchange Commission on April 30, 2009.

About 4,800 asbestos-related liability cases…

ASBESTOS LITIGATION: ABB Has $31Mil Loss From Closed Operations

ABB Ltd. says that the asbestos-related loss from discontinued operations, net of tax for the year ended Dec. 31, 2008 was US$31 million, according to the Company’s annual report, on Form 20-F, filed with the Securities and Exchange Commission on…

ASBESTOS LITIGATION: ABB Ltd Units Face 7,500 Claims at Dec. 31

Other ABB Ltd entities (aside from Combustion Engineering, Inc. and former unit Lummus Global) face 7,500 asbestos-related claims at Dec. 31, 2008, compared with 9,500 claims at Dec. 31, 2007.

ABB entities that are subject to such claims will continue to…

ASBESTOS LITIGATION: ACE Records $1.369B Net Reserves at Dec. 31

ACE Limited’s net asbestos-related reserves were US$1.369 billion at Dec. 31, 2008, compared with US$1.482 billion at Dec. 31, 2007.

The Company’s gross asbestos-related reserves were US$2.629 billion at Dec. 31, 2008, compared with US$2.942 billion at Dec. 31, 2007.

The Company’s…

ASBESTOS LITIGATION: ACE Limited Records 1,198 Claims at Dec. 31

ACE Limited recorded 1,198 open asbestos claims for the year ended Dec. 31, 2008, compared with 1,169 claims for the year ended Dec. 31, 2007.

During the year ended Dec. 31, 2008, the Company recorded 75 newly reported claims and 46…

ASBESTOS LITIGATION: Transocean Unit Has 1,008 Suits at Dec. 31

An unnamed subsidiary of Transocean Ltd., as of Dec. 31, 2008, was a defendant in 1,008 asbestos-related lawsuits, according to the Company’s 2008 annual report filed with the Securities and Exchange Commission.

As of Sept. 30, 2008, the subsidiary faced about…

ASBESTOS LITIGATION: Transocean Still Has Suits in Miss. Courts

Several subsidiaries of Transocean Ltd. continue to face asbestos lawsuits filed in the Circuit Courts of the State of Mississippi.

In 2004, several of the Company’s subsidiaries were named in 21 complaints involving about 750 plaintiffs that alleged personal injury arising…

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