ASBESTOS UPDATE: Harrell Case Filed v. 36 Companies in Jefferson

Tommy J. and Linda Harrell, on Aug. 31, 2009, filed an asbestos lawsuit against 36 defendant corporations in Jefferson County District Court, Tex., The Southeast Texas Record reports.

Defendants in the suit include Afton Pumps Inc., Amerflex Rubber and Gasket, AMETEK…

ASBESTOS LITIGATION: Cooper Cites 23,028 Abex Claims at June 30

Cooper Industries, Ltd., at June 30, 2009, recorded 23,028 pending asbestos-related claims that are part of its obligation to Pneumo-Abex Corporation (Pneumo).

At March 31, 2009, the Company recorded 23,401 pending asbestos- related claims that are part of its obligation to…

ASBESTOS LITIGATION: Cooper Records $805Mil Liability at June 30

As of June 30, 2009, Cooper Industries, Ltd. estimates that the asbestos liability for pending and future indemnity and defense costs for the next 45 years will be US$805 million.

As of March 31, 2009, the Company estimated that the liability…

ASBESTOS LITIGATION: Cooper Records $180M Receivable at June 30

Cooper Industries, Ltd.’s asbestos receivable for recoveries of costs from insurers, as of June 30, 2009, amounted to US$180 million, of which US$65.7 million relate to costs previously paid or insurance settlements.

As of March 31, 2009, the Company’s asbestos receivable…

ASBESTOS LITIGATION: Asbestos in 20-30 Kabel Deutschland Sites

Asbestos-containing materials and polychlorinated biphenyls have been identified at about 20 to 30 of the facilities which Kabel Deutschland GmbH leases from Deutsche Telekom AG under Service Level Agreements.

The Company said it believes these facilities have been refurbished by DTAG…

ASBESTOS LITIGATION: Rogers’ Liabilities at $19.64Mil in June 30

Rogers Corporation’s long-term asbestos-related liabilities were US$19,644,000 at June 30, 2009 and Dec. 31, 2008, according to a Company report, on Form 8-K, filed with the Securities and Exchange Commission on Aug. 3, 2009.

The Company’s long-term asbestos liabilities were at…

ASBESTOS LITIGATION: Tyco Int’l. Facing 4,700 Claims at June 26

Tyco International Ltd., as of June 26, 2009, faced about 4,700 asbestos cases pending against it and its subsidiaries, according to the Company’s quarterly report filed with the Securities and Exchange Commission on July 30, 2009.

About 4,700 asbestos liability cases…

ASBESTOS LITIGATION: Honeywell Litigation Charges at $37M in 2Q

Honeywell International Inc.’s asbestos-related litigation charges, net of insurance, were US$37 million during the three months ended June 30, 2009, compared with US$34 million during the three months ended June 30, 2008.

The Company’s asbestos-related litigation charges, net of insurance, amounted…

ASBESTOS LITIGATION: Smith Lawsuit v. 10 Companies Filed July 24

Robert and Betty Smith, on July 24, 2009, filed an asbestos lawsuit against 10 defendant corporations in Jefferson County District Court, Tex., The Southeast Texas Record reports.

The lawsuit alleges the Smiths claim Mr. Smith developed an asbestos-related disease during the…

ASBESTOS LTIIGATION: Honeywell’s NARCO Receivable Still at $873M

Honeywell International Inc.’s asbestos insurance receivable for its former North American Refractories Company (NARCO) subsidiary was US$873 million as of June 30, 2009, compared with US$877 million as of Dec. 31, 2008.

The Company’s consolidated financial statements reflected an insurance receivable…

Page 8 of 12« First...«678910»...Last »