ASBESTOS UPDATE: RBS Global Records $271.5M Potential Liability

RBS Global, Inc. estimates that its available insurance to cover its potential asbestos liability as of Sept. 26, 2009, is about US$271.5 million.

However, principally as a result of the past insolvency of certain of the Company’s insurance carriers, certain coverage…

ASBESTOS UPDATE: Minn. Appeal Court Upholds Ruling in Rock Case

The Court of Appeals of Minnesota upheld ruling of the district court, which favored Joyce E. Rock in asbestos-related proceedings filed against Bucyrus International, Inc., a corporation based in Wisconsin.

Judges Jill Halbrooks, Harriet Lansing, and Gordon W. Shumaker entered judgment…

ASBESTOS UPDATE: Manitowoc City to Clear Local Sites of Asbestos

Mayor Justin Nickels, of Manitowoc, Wis., said that the City will clean up its beaches and the asbestos-contaminated Mirro building, Mesothelioma.com reports.

Mayor Nickels said, “We looked at all the beachfronts and what we can do with them and for them.…

ASBESTOS UPDATE: Joy Global, Units Still Facing Exposure Actions

Joy Global Inc. and its subsidiaries are still involved in legal matters that arise in the normal course of operations, the most prevalent of which relate to product liability (including asbestos-related and silicosis liability), employment, and commercial matters.

No other asbestos-related…

ASBESTOS UPDATE: Trial in Phillips Lawsuit Scheduled for Nov. 30

The trial in an asbestos case against 53-year-old Michael Phillips, of Shiocton, Wis., is scheduled to begin on Nov. 30, 2009 before U.S. District Judge William Griesbach, The Post- Crescent reports.

Mr. Phillips, who is free on his own recognizance pending…

ASBESTOS UPDATE: Magnetek Still Named in Product Liability Cases

Magnetek, Inc. is named, along with multiple other defendants, in asbestos-related lawsuits associated with business operations the Company previously acquired, but which are no longer owned.

During the Company’s ownership, none of the businesses produced or sold asbestos-containing products, according…

ASBESTOS UPDATE: Briggs & Stratton Subject to Liability Lawsuits

Briggs & Stratton Corporation continues to be subject to various product liability (including asbestos-related liability actions), according to the Company’s annual report filed with the Securities and Exchange Commission on Aug. 27, 2009.

The reserve for product and general liability claims…

ASBESTOS UPDATE: Shiocton Resident Charged for Handling Breaches

Michael Phillips, a 53-year-old resident of Shiocton, Wis., was indicted on federal charges for breaching regulations for asbestos removal, the Post-Crescent reports.

The indictment says Mr. Phillips owned Villa Apartments in New London, Wis., through a corporation. Between July 2007 and…

ASBESTOS UPDATE: Manitowoc Company Still Facing Exposure Actions

The Manitowoc Company, Inc. is still party in asbestos-related lawsuits in which it is one of numerous defendants, according to the Company’s quarterly report filed with the Securities and Exchange Commission on Aug. 10, 2009.

Headquartered in Manitowoc, Wis., The Manitowoc…

ASBESTOS LITIGATION: Interstate Records $1.2M Settled Liability

Alliant Energy Corporation’s subsidiary, Interstate Power and Light, in the first half of 2009, recorded liabilities settled of US$1.2 million due to expenditures for asbestos and lead remediation at its Sixth Street and Prairie Creek Generating Stations required as a…

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