A motion regarding the bankruptcy case of W. R. Grace & Co. is scheduled for July 25, 2011, The Wall Street Journal reports.
Grace seeks bankruptcy-court permission to compete at an auction for a “highly confidential potential strategic transaction” as it…
Ampco-Pittsburgh Corporation’s long-term asbestos-related liabilities amounted to US$190,268,619 as of March 31, 2011, compared with US$193,603,000 as of Dec. 31, 2010.
The Company’s current asbestos liabilities amounted to US$25 million as of both March 31, 2011 and Dec. 31, 2010.
The Company’s…
The dismissal of Ampco-Pittsburgh Corporation from an asbestos- related insurance litigation regarding Howden North America, Inc. is now in process.
Certain of the Company’s subsidiaries and the Company have an arrangement (Coverage Arrangement) with insurers responsible for historical primary and some…
Imperial Industries, Inc.’s Premix-Marbletite Manufacturing Co. subsidiary is a defendant together with non-affiliated parties in 21 claims (11 of which include the Company as a defendant), which allege bodily injury due to exposure to asbestos contained in products manufactured in…
Ampco-Pittsburgh Corporation faced about 8,668 open asbestos claims for the three months ended March 31, 2011, compared with 8,081 open claims for the year ended Dec. 31, 2010.
For the three months ended March 31, 2011, gross settlement and defense costs…
Ampco-Pittsburgh Corporation and its Air & Liquid Systems Corporation, since Feb. 24, 2011, is pursuing a lawsuit in the U.S. District Court for the Western District of Pennsylvania against 13 domestic insurance companies, certain underwriters at Lloyd’s, London and certain…
Albany International Corp. was defending against 4,800 asbestos claims as of April 18, 2011, according to the Company’s quarterly report filed with the Securities and Exchange Commission on May 6, 2011.
This compares with about 5,158 such claims as of Feb.…
Albany International Corp. is named both as a direct defendant and as the “successor in interest” to asbestos cases related to Mount Vernon Mills.
The Company acquired certain assets from Mount Vernon in 1993. Certain plaintiffs allege injury caused by asbestos-containing…
Caterpillar Inc. continues to be involved in unresolved legal actions including performance liability (including claimed asbestos and welding fumes exposure).
No other significant asbestos matters were disclosed in the Company’s quarterly report filed with the Securities and Exchange Commission on May…
Enstar Group Limited will continue to be subject to litigation and arbitration proceedings, including litigation generally related to the scope of coverage with respect to asbestos and environmental claims.
No significant asbestos-related matters were discussed in the Company’s quarterly report filed…