Albany International Corp.’s Brandon Drying Fabrics, Inc. affiliate was defending against 7,876 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 7,868 such…
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 bankruptcy Filing Date, about 16,354 asbestos personal injury…
Dean Ford’s Lumber and Building Supply Company has been fined US$132,000 and ordered to fix several asbestos-related violations or face additional fines, Local12 reports.
Mr. Ford’s Lumber and Building Supply Company has been cited for 16 knowing violations of health and…
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., was US$52.3 million at March 31, 2011 and US$52.7 million at Dec. 31, 2010.
The Company purchased…
W.R. Grace & Co.’s estimated liability for environmental investigative and remediation costs — non-asbestos and asbestos- related — totaled US$143.5 million at March 31, 2011, as compared with US$145.7 million at Dec. 31, 2010.
W.R. Grace & Co. supplies catalysts and…
W.R. Grace & Co. says that, as of March 31, 2011, there remains about US$970 million of asbestos-related excess coverage from 54 presently solvent insurers.
The Company estimates that eligible claims would have to exceed US$4 billion to access total coverage.
The…
W.R. Grace & Co. says that, as of March 31, 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 Bankruptcy Court has approved settlement…
James Hardie Industries SE said an internal restructuring will lead the Company to cut its contribution to the asbestos injuries fund in 2012 — possibly by more than US$11 million — The Sydney Morning Herald reports.
The cut will come because…
W. R. Grace & Co. recorded asbestos administration costs of US$1.1 million during the three months ended March 31, 2011, compared with US$1.6 million during the three months ended March 31, 2010.
On April 2, 2001, the Company and 61 of…
Over the years, Carlisle Companies Incorporated has been named as a defendant, along with numerous other defendants, in lawsuits in various state courts in which plaintiffs have alleged injury due to exposure to asbestos-containing brakes, which the Company manufactured in…