ASBESTOS UPDATE: CBL Records $3MM Cleanup Liability at June 30

CBL & Associates Properties, Inc., as of June 30, 2011, has recorded a liability of US$3 million related to potential future asbestos abatement activities at its properties.

As of both March 31, 2011 and Dec. 31, 2010, the Company recorded in…

ASBESTOS UPDATE: Thomas Accrues $1.4MM June 30 Cleanup Liability

Thomas Properties Group, Inc., as of June 30, 2011, had accrued about $1.4 million for estimated future costs of asbestos removal or abatement at its City National Plaza and Brookhollow Central properties.

Some of the Company’s properties may contain asbestos-containing materials.…

ASBESTOS UPDATE: H.B. Fuller Summary Judgment Denied in Saldibar

The Superior Court of Connecticut denied H.B. Fuller Company’s motion for summary judgment in a case involving asbestos filed by Hannibal Saldibar.

The case is styled Hannibal Saldibar et al. v. A.O. Smith Corp. et al.

Judge Barbara N. Bellis entered judgment…

ASBESTOS UPDATE: Pneumo Abex to Continue Resolving Tort Claims

M & F Worldwide Corp. says that Pneumo Abex LLC, now owned by a Settlement Trust, will continue to resolve asbestos-related claims asserted against it in the tort system.

The Company’s non-operating contingent claims were generally associated with its indirect, wholly…

ASBESTOS UPDATE: 15 Cases Pending v. Parker Drilling at June 30

Parker Drilling Company says that, at June 30, 2011, there were about 15 asbestos-related lawsuits in which it is one of many defendants, according to the Company’s quarterly report filed on Aug. 5, 2011 with the Securities and Exchange Commission.

These…

ASBESTOS UPDATE: UIL Has $18.3MM June 30 Retirement Obligations

As of June 30, 2011, UIL Holdings Corporation’s asset retirement obligations, including estimated conditional AROs, were US$18.3 million and consisted primarily of obligations related to removal or retirement of asbestos, polychlorinated biphenyl (PCB) contaminated equipment, gas pipeline and cast iron…

ASBESTOS UPDATE: VWR Funding Subject to Potential Exposure Cases

VWR Funding, Inc., from time to time, is named as a defendant in cases that arise as a result of its distribution of laboratory supplies, including litigation resulting from the alleged prior distribution of products containing asbestos by certain of…

ASBESTOS UPDATE: TRW Automotive Units Subject to Pending Actions

While certain of TRW Automotive Holdings Corp.’s subsidiaries have been subject in recent years to asbestos-related claims, management believes that those claims will not have a material adverse effect on the Company’s financial condition, results of operations or cash flows.

In…

ASBESTOS UPDATE: Harsco Facing 19,212 Pending Claims at June 30

Harsco Corporation, at June 30, 2011, faced 19,212 pending asbestos personal injury claims, according to the Company’s quarterly report filed on Aug. 3, 2011 with the Securities and Exchange Commission.

At March 31, 2011, the Company faced 19,293 pending asbestos personal…

ASBESTOS UPDATE: Foster Wheeler Has $3.4MM Net Claims Provisions

Foster Wheeler AG’s net asbestos-related provision amounted to US$3,427,000 during the quarter ended June 30, 2011, compared with US$4,044,000 during the quarter ended June 30, 2010.

The Company’s net asbestos-related provision amounted to US$400,000 during the fiscal three months ended March…

Page 3 of 28«12345»...Last »