Entrx Corporation recorded an asbestos insurance coverage receivable of US$43,437,500 as an asset on its balance sheets as of March 31, 2009, compared with US$45,250,000 as of Dec. 31, 2008.
Although defense costs are included in its insurance coverage, the Company…
The U.S. Court of Appeals, Third Circuit, upheld the ruling of the U.S. District Court for the District of Delaware, which affirmed the Bankruptcy Court’s Order disallowing 44 claimants’ asbestos property damage claims against W. R. Grace & Co.
Judges Theodore…
Defense lawyers for W. R. Grace & Co. and three former executives rested their case on May 5, 2009, following one attorney’s examination of Melvin Parker, a sickened Libby, Mont., resident, the Missoulian reports.
Mr. Parker purchased a tract of contaminated…
U.S. District Judge Donald Molloy, on April 30, 2009, dismissed charges against former W. R. Grace & Co. executive William McCaig in the environmental crimes trial faced by the Company and several former executives, The Salt Lake Tribune reports.
Assistant U.S.…
CNA Financial Corporation says that a confirmation hearing on W. R. Grace & Co.’s Plan of Reorganization is currently scheduled to begin in June 2009.
On March 22, 2002, a direct action was filed in Montana by eight individual plaintiffs (all…
Caterpillar Inc. continues to be subject to unresolved legal actions, including asbestos-related, that arise in the normal course of business.
The most prevalent of these unresolved actions involve disputes related to product design, manufacture and performance liability (including claimed asbestos and…
The Court of Appeal, Second District, Division 3, California, reversed a ruling of the Superior Court of Los Angeles County, which denied California Union Insurance Company’s motion in an asbestos case styled Thorpe Insulation Company, Plaintiff and Respondent v. Century…
Expenses related to W. R. Grace & Co.’s Chapter 11 proceedings, net of filing entity interest income, were US$10 million in the first quarter of 2009, compared with US$18.4 million in the prior year quarter, according to a Company report,…
James Hardie Industries N.V. and the New South Wales Government, on April 23, 2009, were advised by the Asbestos Injuries Compensation Fund (AICF) that its Board has determined that it is reasonably foreseeable that, within two years, the available assets…
The New South Wales Supreme Court in New South Wales, Australia, ruled that certain former managers and directors of James Hardie Industries N.V. breached corporations law over the Company’s restructure and establishment of an asbestos payout trust in 2001, ABC…