ASBESTOS UPDATE: Sealed Air Still Faces Cases in Canadian Courts

Sealed Air Corporation continues face asbestos-related lawsuits in Canadian courts.

In November 2004, the Company’s Canadian subsidiary Sealed Air (Canada) Co./Cie learned that it had been named a defendant in the case of Thundersky v. The Attorney General of Canada, et…

ASBESTOS UPDATE: Crown Holdings Accrues $243MM for Claims

Crown Holdings, Inc.’s accrual for pending and future asbestos- related claims and related legal costs was US$243 million as of March 31, 2011, including US$192 million for unasserted claims, according to the Company’s quarterly report filed with the Securities and…

ASBESTOS UPDATE: Crown Cork Receives 600 New Claims During 1stQ

Crown Holdings, Inc.’s subsidiary, Crown Cork and Seal Company, during the three months ended March 31, 2011, received about 600 new asbestos claims, settled or dismissed about 500 claims for a total of US$4 million, and had about 50,000 claims…

ASBESTOS UPDATE: Owens-Illinois Cites $33MM Payments at March 31

Owens-Illinois, Inc. recorded asbestos-related payments of US$33 million during the three months ended March 31, 2011, compared with US$34 million during the three months ended March 31, 2010.

Current asbestos-related liabilities were US$170 million as of both March 31, 2011 and…

ASBESTOS UPDATE: Owens-Illinois Facing 5,900 Claims at March 31

Owens-Illinois, Inc., as of March 31, 2011, has determined that it is a named defendant in asbestos lawsuits and claims involving about 5,900 plaintiffs and claimants, according to the Company’s quarterly report filed with the Securities and Exchange Commission on…

ASBESTOS UPDATE: Open Cases v. TriMas Rise to 1,095 at March 31

TriMas Corporation, as of March 31, 2011, was a party to about 1,095 pending cases involving an aggregate of about 8,194 claimants alleging personal injury from exposure to asbestos containing materials.

The asbestos formerly used in gaskets (both encapsulated and otherwise)…

ASBESTOS UPDATE: 2T New Claims Filed v. Crown Unit From 2009-2010

Crown Holdings, Inc.’s subsidiary, Crown Cork and Seal Company, Inc., received 2,000 new asbestos claims during 2010 and 2009 and 3,000 claims during 2008.

Crown Cork settled or dismissed 2,000 claims during 2010 and 2009 and 3,000 claims during 2008.

Crown Cork…

ASBESTOS UPDATE: Crown Accrues $249MM for Future, Pending Claims

Crown Holdings, Inc.’s accrual for pending and future asbestos- related claims and related legal costs was US$249 million as of Dec. 31, 2010, including US$196 million for unasserted claims.

The Company’s accrual includes estimates for probable costs for claims through the…

ASBESTOS UPDATE: Sealed Air Still Subject to Lawsuits in Canada

Sealed Air Corporation continues to be subject to asbestos-related actions filed in Canadian courts.

In November 2004, the Company’s Canadian subsidiary Sealed Air (Canada) Co./Cie learned that it had been named a defendant in the case of Thundersky v. The Attorney…

ASBESTOS UPDATE: Sealed Air Subject to Cryovac Transaction Cases

Since the beginning of 2000, Sealed Air Corporation has been served with a number of lawsuits alleging that, as a result of the Cryovac transaction, the Company is responsible for alleged asbestos liabilities of W. R. Grace & Co. and…

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