ASBESTOS UPDATE: Exposure Lawsuits Still Ongoing v. Bondex, SPHC

RPM International Inc. says that Bondex International, Inc. and Specialty Products Holding Corp. are defendants in various asbestos-related bodily injury lawsuits filed in various state courts, according to the Company’s quarterly report filed on Oct. 7, 2011 with the U.S.…

ASBESTOS UPDATE: Bondex, SPHC Appeal in Insurance Action Ongoing

The appeal from RPM International Inc.’s Bondex International, Inc. subsidiary and Specialty Products Holding Corp. over an asbestos-related insurance case is ongoing in the U.S. Court of Appeals for the Sixth Circuit.

During calendar year 2003, Bondex and SPH’s third-party insurers…

ASBESTOS UPDATE: James Hardie Records $38.2MM June 30 Adjustment

James Hardie Industries SE’s asbestos adjustments resulting from the effect of foreign exchange movements were unfavorable adjustments of US$38.2 million during the quarter ended June 30, 2011, compared with favorable adjustments of US$63.1 million during the quarter ended June 30,…

ASBESTOS UPDATE: Hardie Posts $115.4MM June 30 Current Liability

James Hardie Industries SE’s current asbestos liability amounted to US$115.4 million as of June 30, 2011, compared with US$111.1 million as of March 31, 2011.

Current asbestos-related restricted cash and cash equivalents were US$41.5 million as of June 30, 2011, compared…

ASBESTOS UPDATE: Deere & Co. Still Subject to Liability Lawsuits

Deere & Company continues to be subject to various unresolved legal actions, the most prevalent of which relate to product liability (including asbestos related liability), retail credit, software licensing, patent and trademark matters.

No significant asbestos-related matters were discussed in the…

ASBESTOS UPDATE: James Hardie Has 556 Pending Claims at June 30

James Hardie Industries SE faced 556 open asbestos-related claims during the three months ended June 30, 2011, compared with 564 claims during the year ended March 31, 2011.

During the three months ended June 30, 2011, the Company recorded 101 new…

ASBESTOS UPDATE: Premix-Marbletite Mfg. Faces 18 Exposure Claims

Imperial Industries, Inc.’s Premix-Marbletite Manufacturing Co. subsidiary is a defendant together with non-affiliated parties in 18 claims — nine of which include the Company as a defendant – which allege bodily injury due to exposure to asbestos contained in products…

ASBESTOS UPDATE: Grace Subject to 430 PD Claims at June 30

W.R. Grace & Co. says that, as of June 30, 2011, following the reclassification, withdrawal or expungement of claims, about 430 asbestos-related Property Damage Claims subject to a March 31, 2003 bar date remain outstanding.

The plaintiffs in asbestos property damage…

ASBESTOS UPDATE: Grace Still Subject to Personal Injury Actions

W. R. Grace & Co. continues to face asbestos personal injury claims that allege adverse health effects from exposure to asbestos-containing products formerly manufactured by the Company.

Cumulatively through the April 2, 2001 Filing Date, 16,354 asbestos personal injury lawsuits involving…

ASBESTOS UPDATE: Grace Records $51.4MM June 30 Libby Liabilities

W. R. Grace & Co.’s total estimated liability for asbestos remediation studies and other estimable matters related to its former vermiculite operations in Libby, Mont., as well as the cost of remediation at vermiculite processing sites outside of Libby, was…

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