ASBESTOS UPDATE: Appeals Court Reverses Ruling in Kaiser Lawsuit

The Court of Appeal, Second District, Division 4, California, reversed the grant of summary adjudication and entry of judgment for Kaiser Cement and Gypsum Corporation and against ICSOP.

The case is styled Kaiser Cement and Gypsum Corporation, Cross- complainant and Respondent…

ASBESTOS UPDATE: Appeal Court Reverses Ruling in Kaiser Lawsuit

The Court of Appeal, Second District, Division 4, California, reversed the ruling of the Superior Court of Los Angeles County, in a case involving asbestos styled Kaiser Cement and Gypsum Corporation, Cross-complainant and Respondent v. Insurance Company of the State…

ASBESTOS UPDATE: RMT & Homrich Settle Wis. Asbestos Violations

Madison, Ill.-based RMT Inc. and Detroit-based Homrich Inc. have settled with the State of Wisconsin over charges of breaching asbestos removal rules when demolishing the old Aldrich Chemical building in downtown Milwaukee, as part of the Marquette Interchange reconstruction, The…

ASBESTOS LITIGATION: USG Gets $1.061B Tax Refund Approval in ‘09

USG Corporation, in the first quarter of 2009, received final congressional Joint Committee on Taxation approval of a US$1.061 billion federal tax refund that the Company received in 2007.

Of this amount, US$1.057 billion resulted from tax deductions generated by payments…

ASBESTOS LITIGATION: USG States No Further Obligations to Trust

USG Corporation states that it has no further payment obligations to a trust created and funded under Section 524(g) of the U.S. Bankruptcy Code for the payment of all of the present and future asbestos personal injury liabilities of the…

ASBESTOS LITIGATION: $3M Paid in 2008 for USG Corp. Damage Cases

USG Corporation made total payments of about US$3 million in 2008 for asbestos property damage settlements, compared with US$40 million in 2007, according to the Company’s annual report filed with the Securities and Exchange Commission on Feb. 20, 2009.

Asbestos property…