ASBESTOS UPDATE: Grace Still Subject to Personal Injury Actions

W. R. Grace & Co. continues to be subject to 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, 16,354 asbestos personal…

ASBESTOS UPDATE: 430 Damage Claims Still Pending v. W. R. Grace

W. R. Grace & Co. says that, as of June 30, 2010, 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…

ASBESTOS UPDATE: Huntsman Corp. Involved in “Premises” Lawsuits

Huntsman Corporation is named as a “premises defendant” in a number of asbestos exposure cases, typically claims by non- employees of exposure to asbestos while at a facility, according to the Company’s quarterly report filed on Aug. 5, 2010 with…

ASBESTOS UPDATE: Grace Records $50.5MM Libby Liability at June 30

W. R. Grace & Co.’s total estimated liability for asbestos remediation related to its former vermiculite operations in Libby, Mont., including the cost of remediation at vermiculite processing sites outside of Libby, was US$50.5 million at June 30, 2010 and…

ASBESTOS UPDATE: Chemtura Corporation Subject to Liability Cases

Chemtura Corporation is subject to claims and litigation related to product liability claims, including claims related to the Company’s current products and asbestos-related claims concerning premises and historic products of its corporate affiliates and predecessors.

No other asbestos-related matters were disclosed…

ASBESTOS UPDATE: Grace Records $970MM Excess Coverage at June 30

W. R. Grace & Co. says that, as of June 30, 2010, there remains about US$970 million of excess asbestos-related coverage from 54 presently solvent insurers.

The Company estimates that eligible claims would have to exceed US$4 billion to access total…

ASBESTOS UPDATE: Atkins Action v. 20 Firms Filed Aug. 9 in Texas

Jack Atkins on Aug. 9, 2010, filed an asbestos-related lawsuit against 20 defendant corporations in Jefferson County District Court, Tex., The Southeast Texas Record reports.

Mr. Atkins claims he developed an asbestos-related disease different from the other non-malignant asbestos-related disease for…

ASBESTOS UPDATE: Wilkinson Case v. 9 Firms Filed in Kanawha Co.

An asbestos case styled Carolyn Sue Wilkinson and Richard Wilkinson vs. A.W. Chesterton Company, Certainteed Corporation, FMC Corporation et al was filed on July 28, 2010 in Kanawha County Circuit Court, W.Va., The West Virginia Record reports.

The Wilkinsons claim the…

ASBESTOS UPDATE: Graham Remains a Defendant in Injury Claims

Graham Corporation continues to be named as a defendant in certain lawsuits alleging personal injury from exposure to asbestos contained in products made by the Company.

The Company is a co-defendant with numerous other defendants in these lawsuits, according to the…

ASBESTOS UPDATE: Union Carbide Has 66,099 Open Claims at June 30

Union Carbide Corporation faced 66,099 unresolved asbestos claims at June 30, 2010, compared with 74,957 unresolved claims at June 30, 2009, according to the Company’s quarterly report filed on Aug. 4, 2010 with the Securities and Exchange Commission.

The Company faced…

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