ASBESTOS LITIGATION: 135 Cases Pending v. GenCorp Inc. at May 31

GenCorp Inc. faced 135 pending asbestos cases as of May 31, 2009, compared with 157 cases pending as of Nov. 30, 2008, according to the Company’s quarterly report filed with the Securities and Exchange Commission on July 7, 2009.

The Company…

ASBESTOS LITIGATION: Precision Castparts Named in Injury Actions

Precision Castparts Corp. is still a defendant in lawsuits alleging personal injury as a result of exposure to chemicals and particulates, including asbestos, integrated into its premises and processes and certain historical products.

The particulates at issue are no longer incorporated…

ASBESTOS LITIGATION: Cases v. Park-Ohio Drop to 260 at March 31

Park-Ohio Holdings Corp., at March 31, 2009, was a co-defendant in 260 cases asserting claims on behalf of 1,750 plaintiffs alleging personal injury as a result of exposure to asbestos.

At Dec. 31, 2008, the Company was a co-defendant in 315…

ASBESTOS LITIGATION: Baggett Suit v. 33 Firms Filed in Jefferson

Linda Dale Baggett McLemore, Larry Donald Baggett and Hazel Baggett (on behalf of Lawrence Baggett) filed an asbestos lawsuit against 33 defendant corporations in Jefferson County District Court, Tex., on May 20, 2009, The Southeast Texas Record reports.

The defendants include…

ASBESTOS LITIGATION: Curtiss-Wright Still Party to Injury Cases

Curtiss-Wright Corporation or its subsidiaries continue to face a number of lawsuits that allege injury from exposure to asbestos, according to the Company’s latest quarterly report filed with the Securities and Exchange Commission.

To date, neither the Company nor its subsidiaries…

ASBESTOS LITIGATION: Kaiser Records $3.3M Retirement Obligations

Kaiser Aluminum Corporation’s estimated fair value of conditional asset retirement obligations (CAROs), including for asbestos, at March 31, 2009 was US$3.3 million.

The Company has CAROs at several of its fabricated products facilities. The vast majority of those CAROs consist of…

ASBESTOS LITIGATION: Bendix, NARCO Liability Recorded at $1.721B

Honeywell International Inc., during the three months ended March 31, 2009, recorded asbestos liabilities of US$1.721 billion, of which US$588 million related to its Bendix friction materials business and US$1.131 billion related to its former subsidiary NARCO (North American Refractories…

ASBESTOS LITIGATION: Exposure Actions Ongoing v. Goodrich, Units

Goodrich Corporation and certain of its subsidiaries still face various actions by plaintiffs alleging damages as a result of exposure to asbestos fibers in products or at its facilities, according to the Company’s quarterly report filed with the Securities and…

ASBESTOS LITIGATION: Oral Arguments in Travelers Set for May 14

Honeywell International Inc. says that oral arguments in a case filed by Travelers Casualty and Insurance Company against the Company and other insurance carriers are scheduled for May 14, 2009.

In the second quarter of 2006, Travelers filed a lawsuit against…

ASBESTOS LITIGATION: Honeywell Records $873Mil NARCO Receivable

Honeywell International Inc.’s consolidated financial statements reflect an insurance receivable corresponding to the liability for settlement of pending and future NARCO-related asbestos claims of US$873 million as of March 31, 2009 and US$877 million as of Dec. 31, 2008.

NARCO (North…

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