ASBESTOS UPDATE: Cooper Ind. Cites 15,281 Abex Claims at June 30

Cooper Industries plc, at June 30, 2010, recorded 15,281 pending asbestos-related claims that are part of its obligation to Pneumo- Abex Corporation (Pneumo).

In October 1998, the Company sold its Automotive Products business to Federal-Mogul Corporation. These discontinued businesses (including the…

ASBESTOS UPDATE: Cooper Estimates $769.8Mil Liability at June 30

Cooper Industries plc, as of June 30, 2010, estimates that the liability for pending and future asbestos-related indemnity and defense costs for the next 45 years will be US$769.8 million.

Pneumo-Abex Corporation discontinued using asbestos in the Abex Friction product line…

ASBESTOS UPDATE: Cinch Dismissed as Engelbrecht Claim Defendant

Bel Fuse Inc. says that subsidiary Cinch was dismissed as a party to an asbestos case (Engelbrecht v. Motorola, et al.) through a limited judgment of dismissal, which was filed by the Douglas County Circuit Court on July 19, 2010.

Cinch…

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: Rogers Corp. Has 181 Pending Claims at June 30

Rogers Corporation faced about 181 pending asbestos-related claims at June 30, 2010, compared with about 167 pending claims at Dec. 31, 2009, according to the Company’s quarterly report filed on Aug. 3, 2010 with the Securities and Exchange Commission.

There were…

ASBESTOS UPDATE: 3,500 Actions Pending v. Tyco Int’l. at June 30

There were about 3,500 asbestos-related lawsuits pending against Tyco International Ltd. and its subsidiaries as of June 25, 2010, according to the Company’s quarterly report filed on July 29, 2010 with the Securities and Exchange Commission.

Each lawsuit typically includes several…

ASBESTOS UPDATE: Rogers Liabilities Still at $20.58MM at June 30

Rogers Corporation’s long-term asbestos-related liabilities were US$20,587,000 as of June 30, 2010, the same as for the period ended Dec. 31, 2009, according to a Company report filed on Form 8-K with the Securities and Exchange Commission on Aug. 2,…

ASBESTOS UPDATE: Honeywell Has $49MM June 30 Litigation Charges

Honeywell International Inc. recorded asbestos-related litigation charges, net of insurance, of US$49 million during the three months ended June 30, 2010, compared with US$37 million during the three months ended June 30, 2009, according to the Company’s quarterly report filed…

ASBESTOS UPDATE: Bendix Has 21,359 Unresolved Claims at June 30

Honeywell International Inc.’s Bendix friction material business faced 21,359 unresolved asbestos claims during the six months ended June 30, 2010, compared with 19,940 unresolved claims during the year ended Dec. 31, 2009.

Bendix faced 20,900 unresolved asbestos claims during the three…

ASBESTOS UPDATE: Honeywell’s Liabilities at $1.543BB at June 30

Honeywell International Inc.’s long-term asbestos-related liabilities were US$1.543 billion as of June 30, 2010, compared with US$1.040 billion as of Dec. 31, 2009, according to a Company report, on Form 8-K, filed with the Securities and Exchange Commission on July…

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