Justice Margaret Stone of the Federal Court of Australia in New South Wales is scheduled to hear a tax case involving asbestos against James Hardie Industries N.V. in September 2009, The Sydney Morning Herald reports.
Hardie’s legal woes over asbestos compensation…
The U.S. District Court, Northern District of California, granted The Flintkote Company’s request for discovery of reserves in a case involving Aviva Insurance Company of Canada.
The case is styled The Flintkote Company, a Delaware Corporation, Plaintiff v. General Accident Assurance…
U.S. Environmental Protection Agency crews are testing residential areas near W. R. Grace & Co.’s former insulation factory, Vermiculite Northwest, in Spokane, Wash., for asbestos, The Seattle Times reports.
The work was prompted by the recent declaration of Libby, Mont., as…
James Hardie Industries N.V.’s operating income in fiscal year 2009 includes US$17.4 million of favorable asbestos adjustments, according to the Company’s annual report, on Form 20-F, filed with the Securities and Exchange Commission on June 25, 2009.
The Company’s operating income…
James Hardie Industries N.V. has recorded an asbestos liability of US$1.3 billion in its consolidated financial statements as of March 31, 2009, relating to its anticipated future payments to the Asbestos Injuries Compensation Fund (AICF) under the amended and restated…
Other net James Hardie Industries N.V. liabilities include a provision for asbestos-related education and medical research contributions of US$2.2 million at March 31, 2009 and US$3.3 million at March 31, 2008.
Also included in other net liabilities are the other assets…
CSR Limited says that it will ensure there are enough funds available to meet asbestos-related compensation liabilities before it will proceed with the proposed demerger of its two main divisions, The Age reports.
On June 17, 2009, the Company announced its…
The U.S. Bankruptcy Court, District of Delaware, on April 14, 2009, disallowed and expunged 35 W. R. Grace & Co. asbestos claims by the applicable Canadian ultimate limitations periods.
Case No. 01-01139 is styled In re W. R. Grace & Co.,…
James Hardie Industries N.V., on June 24, 2009, announced that its directors have determined to seek shareholder approval for a two-stage plan to transform the Company into a Societas Europaea, a relatively new form of European corporation (Stage 1), and…
The U.S. Court of Appeals, Fifth District, affirmed the ruling of the U.S. District Court for the Southern District of Texas, which denied Geraldine Nicholas’ motion to compel arbitration, in a case involving asbestos filed on behalf of her late…