ASBESTOS LITIGATION: Remand Motion Denied in Beamis Case in R.I.

The U.S. District Court, District of Rhode Island, denied Michael D. Beamis’ Motion to Remand in an asbestos lawsuit filed against General Electric Company (GE).

The case is styled Michael D. Beamis, Plaintiff v. Buffalo Pumps, Inc., et al., Defendant.

U.S. District…

ASBESTOS LITIGATION: MYR Group Still Subject to Exposure Claims

MYR Group Inc. continues to be subject to asbestos-related exposure claims concerning historic operations of a predecessor affiliate, according to the Company’s annual report filed with the Securities and Exchange Commission on March 12, 2009.

The Company said it believes that…

ASBESTOS LITIGATION: Surgers’ Lawsuit Filed v. 82 Firms in Texas

Alfredene Surgers, on behalf of her late husband Joseph Wayne Surgers, on March 23, 2009, filed an asbestos-related lawsuit in Jefferson County District Court, Tex., The Southeast Texas Record reports.

Some of the 82 defendants in the suit are A.W. Chesterton…

ASBESTOS LITIGATION: Honeywell, Chrysler Bid for Autopsy Denied

An appeals court panel, on March 4, 2009, affirmed Superior Court Judge Philip Paley’s ruling, which denied Honeywell International Inc. and Chrysler Motor Corp. the right to have an autopsy performed on Harold St. John, who died of asbestos- related…

ASBESTOS LITIGATION: Philips Cites EUR640M for Loss Contingency

Koninklijke Philips Electronics N.V.’s recorded provision for loss contingencies on asbestos product liability amounted to EUR640 million at Dec. 31, 2008 (EUR316 million at Dec. 31, 2007), according to a Company report, on Form 6-K, filed with the Securities and…

ASBESTOS LITIGATION: Philips Records EUR239Mil Settlement Charge

During 2008, Koninklijke Philips Electronics N.V. (Royal Philips Electronics) recorded an asbestos-related settlement charge of EUR239 million, according to the Company’s annual report, on Form 20-F, filed with the Securities and Exchange Commission on Feb. 23, 2009.

Headquartered in Amsterdam, The…

ASBESTOS LITIGATION: Guardline Inc’s Summary Judgment Bid Denied

The Superior Court of Connecticut, Judicial District of Fairfield denied Guardline, Inc.’s motion for summary judgment in an asbestos-related lawsuit filed by Louise Humphrey, on behalf of Clara Green.

The case is styled Janet Longo et al. (Louise Humphrey Executor of…

ASBESTOS LITIGATION: Philips’ THAN Unit Facing Exposure Lawsuits

Koninklijke Philips Electronics N.V. faces actions in the United States, relating primarily to the activities of its U.S. subsidiary TH Agriculture & Nutrition L.L.C. (THAN) prior to 1981, involving allegations of personal injury from alleged asbestos exposure.

The claims generally relate…

ASBESTOS LITIGATION: Philips’ EUR931Mil EBITA Due to Settlement

Royal Philips Electronics N.V.’s EBITA (earnings before interest, tax and amortization) for the full year of 2008 was EUR931 million, 55 percent lower than in 2007, primarily impacted by EUR241 million final settlement on asbestos-related claims in the United States.

Other…

ASBESTOS LITIGATION: Cooper Cites $16.6M After-Tax Income in 3Q

Cooper Industries, Ltd., in the third quarter of 2008, recognized an asbestos-related after-tax discontinued operations income of US$16.6 million or US$0.09 per share, according to a Company report, on Form 8-K, filed with the Securities and Exchange Commission on Jan.…

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