Cooper Industries, Ltd., at March 31, 2009, recorded 23,401 pending asbestos-related claims that are part of its obligation to Pneumo-Abex Corporation (Pneumo), according to the Company’s quarterly report filed with the Securities and Exchange Commission on May 1, 2009.
At Dec.…
Cooper Industries, Ltd., as of March 31, 2009, estimates that the liability for pending and future indemnity and defense costs for the next 45 years will be US$811.7 million, according to the Company’s quarterly report filed with the Securities and…
Crown Holdings, Inc.’s subsidiary, Crown Cork & Seal Company, Inc., continues to be involved in asbestos-related lawsuits in Texas courts.
In June 2003, the State of Texas enacted legislation that limits the asbestos-related liabilities in Texas courts of companies such as…
Enbridge Energy Partners, L.P. recorded US$5.1 million in “Accounts payable and other” for asbestos and environmental cleanup as of March 31, 2009, compared with US$5.5 million as of Dec. 31, 2008.
The Company recorded US$3.2 million in “Other long-term liabilities” for…
CenterPoint Energy Resources Corp., or its predecessor companies, still face lawsuits filed by certain individuals who claim injury due to exposure to asbestos during work at those formerly-owned facilities.
The Company anticipates that additional claims like those received may be asserted…
NL Industries, Inc. continues to be a defendant in various lawsuits in several jurisdictions, alleging personal injuries as a result of occupational exposure primarily to products manufactured by the Company’s former operations containing asbestos, silica and mixed dust.
During the first…
Noble Corporation, at March 31, 2009, continues to be a defendant in 39 asbestos-related lawsuits, according to the Company’s quarterly report filed with the Securities and Exchange Commission on May 11, 2009.
The Company is from time to time a party…
Union Carbide Corporation and Amchem Products, Inc.’s defense costs for asbestos claims were US$11 million for the three months ended March 31, 2009, compared with US$14 million for the three months ended March 31, 2008.
Amchem is a former Company subsidiary.
The…
Union Carbide Corporation’s receivable for insurance recoveries related to its asbestos liability was US$403 million at both March 31, 2009 and Dec. 31, 2008.
At Dec. 31, 2002, the Company increased the receivable for insurance recoveries related to its asbestos liability…
As of March 31, 2009, Cooper Industries, Ltd.’s asbestos receivable for recoveries of costs from insurers amounted to US$183.3 million, of which US$66.9 million relate to costs previously paid or insurance settlements.
The Company’s asbestos-related receivable for recoveries of costs from…