ASBESTOS UPDATE: Reading Subject to Potential Exposure Lawsuits

From time to time, Reading International, Inc. has claims brought against it relating to the exposure of former employees of its railroad operations to asbestos and coal dust.

These are generally covered by an insurance settlement reached in September 1990 with…

ASBESTOS UPDATE: Fla. Court Reverses Ruling in Caraffa’s Lawsuit

The District Court of Appeal of Florida, Third District, reversed the ruling of the Circuit Court for Miami-Dade County, which dismissed an asbestos lawsuit filed by Giovanna Settimi Caraffa.

The case is styled Giovanna Settimi Caraffa, individually, and as personal representative…

ASBESTOS UPDATE: Foster Wheeler’s Bid in Crowder Lawsuit Denied

The U.S. District Court, Southern District of Indiana, Terre Haute Division, denied Foster Wheeler LLC’s motion to strike and dismiss Paragraph 27 of Dennis and Suzanne Crowder’s asbestos- related complaint.

The case is styled Dennis Crowder and Suzanne Crowder, Plaintiffs v.…

ASBESTOS LITIGATION: Asbestos Found in Eldorado-Reno Hotel Rooms

NGA HoldCo, LLC says that asbestos has been determined to be present in the acoustic ceilings of about 216 of the original Eldorado Hotel and Casino’s older hotel rooms.

The Eldorado Hotel and Casino is located in Reno, Nev.

Removal of the…

ASBESTOS LITIGATION: Majestic Expends $300T for Cleanup in 2008

The Majestic Star Casino, LLC has spent US$300,000 on asbestos abatement in the 302 Carson Street Office Building in Pittsburgh in 2008.

As of Sept. 30, 2008, the Company spent US$300,000 on asbestos abatement in the 302 Carson Street Office Building.…

ASBESTOS LITIGATION: Reading Cites $8.1MM for Cleanup at Dec. 31

Reading International, Ltd., as of Dec. 31, 2008, estimates that the total site preparation costs associated with the removal of this asbestos-contaminated soil at its 50-acre Burwood site in Melbourne, Australia, will be US$8.1 million (AUD9.6 million).

As of Dec. 31,…