ASBESTOS UPDATE: Honeywell Still Facing Coverage Action in N.Y.

Honeywell International Inc. continues to face an asbestos-related declaratory judgment action in the Supreme Court of New York, County of New York.

In the second quarter of 2006, Travelers Casualty and Insurance Company filed the action against the Company and other…

ASBESTOS UPDATE: PPG Indus. Records $575MM Settlement at Sept. 30

PPG Industries, Inc.’s asbestos settlement (under current liabilities) amounted to US$575 million as of Sept. 30, 2011, compared with US$563 million as of Sept. 30, 2010, according to a Company press release dated Oct. 20, 2011.

Net asbestos settlement was US$3…

ASBESTOS UPDATE: Honeywell Has $685MM Sept. 30 NARCO Receivable

Honeywell International Inc. recorded an insurance receivable corresponding to the liability for settlement of pending and future NARCO-related asbestos claims of US$685 million as of Sept. 30, 2011 and US$718 million as of Dec. 31, 2010.

The Company owned North American…

ASBESTOS UPDATE: Defendants’ Summary Judgment Granted in Clineff

The Superior Court of Delaware, New Castle County, granted BP Amoco Chemical Co., BP Corporation North America Inc., and Kvaerner U.S. Inc.’s Motions for Summary Judgment in an asbestos case filed on behalf of Ronald Clineff.

Judge Peggy L. Ableman entered…

ASBESTOS UPDATE: Honeywell Has $38MM Sept. 30 Litigation Charges

Honeywell International Inc. recorded asbestos-related litigation charges, net of insurance, of US$38 million during the three months ended Sept. 30, 2011, compared with US$48 million during the three months ended Sept. 30, 2010.

The Company recorded litigation charges, net of insurance,…

ASBESTOS UPDATE: Honeywell Faces 22.8T Bendix Claims at Sept. 30

Honeywell International Inc.’s Bendix friction materials business faced 22,800 asbestos-related claims during the nine months ended Sept. 30, 2011, compared with 22,480 claims during the year ended Dec. 31, 2010.

Bendix manufactured automotive brake parts that contained chrysotile asbestos in an…

ASBESTOS UPDATE: Honeywell Has $1.574-Bil. Long-Term Liabilities

Honeywell International Inc.’s long-term asbestos-related liabilities amounted to US$1.574 billion as of Sept. 30, 2011 and US$1.557 billion as of Dec. 31, 2010, according to the Company’s quarterly report filed on Oct. 21, 2011 with the U.S. Securities and Exchange…

ASBESTOS UPDATE: Del. Supreme Court OKs Ruling in Price Lawsuit

The Supreme Court of Delaware upheld the ruling of the Superior Court of the State of Delaware, in and for New Castle County, which denied Patricia Price’s Motion to Amend her household asbestos exposure complaint as futile.

The case is styled…

ASBESTOS UPDATE: Texas Court Affirms Pre-Trial Ruling in Emmite

The Court of Appeals of Texas, Houston (1st Dist.), affirmed the order of the multi-district litigation (MDL) pretrial court, which denied Union Carbide Corporation’s motion and renewed motion to dismiss the asbestos claims made by the estate of Joseph Emmite,…

ASBESTOS UPDATE: Whisnant Asbestos Case to Continue Another Year

The retrial of an asbestos lawsuit filed on behalf of refinery worker, Willis Whisnant Jr., against DuPont De Nemours has been continued for another year, The Southeast Texas Record reports.

Since 2007, the Southeast Texas Record has reported on the asbestos…

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