EnPro Industries, Inc., at March 31, 2011, had US$167 million of insurance coverage the Company said it believes is available to cover current and future asbestos claims against Garlock Sealing Technologies LLC (GST LLC) and certain expense payments.
GST has collected…
U.S. Auto Parts Network, Inc.’s subsidiary, Automotive Specialty Accessories and Parts (WAG) is a defendant in several lawsuits involving claims for damages caused by installation of brakes during the late 1960s and early 1970s that contained asbestos.
WAG marketed certain brakes,…
EnPro Industries, Inc.’s Garlock Sealing Technologies LLC (GST LLC) subsidiary recorded a current asbestos insurance receivable of US$158 million as of both March 31, 2011 and Dec. 31, 2010.
The historical business operations of GST LLC and The Anchor Packing Company…
About 1,520 asbestos-related cases were outstanding at March 31, 2011, for which Standard Motor Products, Inc. may be held responsible for any related liabilities, according to the Company’s quarterly report filed with the Securities and Exchange Commission on May 6,…
Standard Motor Products, Inc.’s accrued asbestos liabilities amounted to US$25,480,000 as of March 31, 2011, compared with US$24,792,000 as of Dec. 31, 2010, according to a Company press release dated May 4, 2011.
Standard Motor Products, Inc. manufactures and distributes engine…
BorgWarner Inc. had about 16,000 pending asbestos product liability claims as of March 31, 2011 and 17,000 pending asbestos product liability claims as of Dec. 31, 2010.
Like many other industrial companies who have historically operated in the U.S., the Company…
Dana Holding Corporation had about 29,000 active pending asbestos personal injury liability claims at March 31, 2011 versus 30,000 at Dec. 31, 2010, according to the Company’s quarterly report filed with the Securities and Exchange Commission on April 27, 2011.
In…
Dana Holding Corporation had recorded US$51 million at March 31, 2011 as an asset for probable recovery from its insurers for the pending and projected asbestos personal injury liability claims, compared with US$52 million recorded at Dec. 31, 2010.
Dana Holding…
The Goodyear Tire & Rubber Company faced 83,300 pending asbestos claims during the three months ended March 31, 2011 and 83,700 claims during the year ended Dec. 31, 2010, according to the Company’s quarterly report filed on April 29, 2011…
BorgWarner Inc. has estimated a liability of US$54.0 million for asbestos claims asserted, but not yet resolved and their related defense costs at March 31, 2011.
The Company also has a related asset of US$54 million to recognize proceeds from the…