Dana Holding Corporation had about 31,000 active pending asbestos personal injury liability claims at June 30, 2009 and at Dec. 31, 2008.
In addition, about 15,000 mostly inactive claims have been settled and are awaiting final documentation and dismissal, with or…
Tenneco Inc. continues to be subject to lawsuits initiated by claimants alleging health problems as a result of exposure to asbestos, according to the Company’s quarterly report filed with the Securities and Exchange Commission on Aug. 6, 2009.
A small percentage…
The Goodyear Tire & Rubber Company faced 96,600 pending asbestos claims during the six months ended June 30, 2009, compared with 99,000 pending claims during the year ended Dec. 31, 2008.
The Company faced 98,400 pending asbestos claims during the three…
BorgWarner Inc. and certain of its other historical general liability insurers continue to be parties to a declaratory judgment action filed on January 2004 in the Circuit Court of Cook County, Ill., by Continental Casualty Company and related companies (CNA).
CNA…
BorgWarner Inc., as of June 30, 2009, continues to be a defendant in 24,000 asbestos-related claims, according to the Company’s quarterly report filed with the Securities and Exchange Commission on July 29, 2009.
The Company faced about 24,000 pending asbestos product…
The intervention of Unite - the Union sees the United Kingdom Government put in to place legislation on July 13, 2009 that will benefit hundreds of sufferers of mesothelioma, according to a Unite press release dated July 13, 2009.
The people…
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…
Judge Robert Gerber of the federal bankruptcy court in Manhattan, on July 7, 2009, did not allow certain individuals claiming to have been harmed by General Motors Corporation vehicles to appeal directly to a U.S. federal appeals court against the…
General Motors Corporation, on June 25, 2009, was allowed to use up to US$33.3 billion to pay for its bankruptcy, after making a few changes to settle technical objections, USA Today reports.
U.S. Bankruptcy Judge Robert Gerber approved the financing after…
Creditors of General Motors Corporation, on June 24, 2009, says the new GM must accept some responsibility for product liability lawsuits and other legal claims, the Detroit Free Press reports.
The Official Committee of Unsecured Creditors emphasized it backed the plan…