ASBESTOS UPDATE: Court Issues Ruling to Remand Abednego Lawsuit

The District Court of the Virgin Islands, Division of St. Croix, issued a ruling to remand a case involving asbestos styled Laurie L.A. Abednego, et al. v. Alcoa, Inc., et al.

Chief Judge Bartle entered judgment in Civil Action No. 10-009…

ASBESTOS UPDATE: Kaiser Aluminum Records $3.7MM CAROs at June 30

Kaiser Aluminum Corporation says the estimated fair value of conditional asset retirement obligation liabilities was US$3.7 million at June 30, 2010 and US$3.5 million at Dec. 31, 2009.

The Company’s estimated fair value of CARO liabilities was US$3.6 million at March…

ASBESTOS UPDATE: Kaiser Aluminum Records $3.6M CAROs at March 31

Kaiser Aluminum Corporation’s estimated fair value of conditional asset retirement obligation (CARO) liabilities was US$3.6 million at March 31, 2010 and US$3.5 million at December 31, 2009, according to the Company’s quarterly report filed on April 28, 2010 with the…

ASBESTOS UPDATE: Alcoa Settles Satterfield Family Injury Case

Amanda Satterfield’s family and Alcoa Inc. settled for an undisclosed amount an asbestos-related exposure and cancer lawsuit, The Daily Times reports.

The case was filed in 2003 by Ms. Satterfield when she was 23 years old following her diagnosis with mesothelioma.

Greg…

ASBESTOS LITIGATION: Kaiser Records $3.4M Retirement Obligations

Kaiser Aluminum Corporation’s estimated fair value of conditional asset retirement obligations (CAROs), including for asbestos, at June 30, 2009 was US$3.4 million.

The Company’s estimated fair value of CAROs, including for asbestos, at March 31, 2009 was US$3.3 million. (Class Action…

ASBESTOS LITIGATION: Koons Case v. 37 Companies Filed on June 3

Geri A. Koons, on behalf of Lewis Ayala, filed an asbestos lawsuit against 37 defendant corporations in Jefferson County District Court, Tex., on June 2, 2009, The Southeast Texas Record reports.

These defendants include, A.O. Smith Corp., A.W. Chesterton Co., Afton…

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…