ASBESTOS UPDATE: Honeywell Has $685MM Sept. 30 NARCO Receivable

Honeywell International Inc. recorded an insurance receivable corresponding to the liability for settlement of pending and future NARCO-related asbestos claims of US$685 million as of Sept. 30, 2011 and US$718 million as of Dec. 31, 2010.

The Company owned North American…

ASBESTOS UPDATE: Obriecht OK’d to Proceed With Retaliation Claim

The U.S. District Court, Eastern District of Wisconsin, allowed Andrew M. Obriecht to proceed with his retaliation claim and with the underlying conspiracy and due process claims.

District Judge J.P. Stadtmueller entered judgment in Case No. 10- CV-221 on July 13,…

ASBESTOS UPDATE: Defendants’ Summary Judgment Granted in Clineff

The Superior Court of Delaware, New Castle County, granted BP Amoco Chemical Co., BP Corporation North America Inc., and Kvaerner U.S. Inc.’s Motions for Summary Judgment in an asbestos case filed on behalf of Ronald Clineff.

Judge Peggy L. Ableman entered…

ASBESTOS UPDATE: Court Issues Split Rulings in Shehadeh Lawsuit

The U.S. District Court, Southern District of Illinois, issued split rulings in a case involving asbestos styled Jamal Shehadeh, Plaintiff v. John Cox., et al, Defendants.

District Judge Murphy entered judgment in Civil Action No. 10-985-GPM on July 14, 2011.

Jamal Shehadeh…

ASBESTOS UPDATE: Tenn. Court Upholds Dismissal of Mayton’s Claim

The Supreme Court of Tennessee, Special Workers’ Compensation Appeals Panel, at Knoxville, upheld the ruling of the Chancery Court for Roane County, which dismissed Darryl J. Mayton’s claim in a lawsuit filed against Wackenhut Services, Inc.

Judges Sharon G. Lee, Jon…

ASBESTOS UPDATE: Ill. Appeals Court Reverses Ruling in Rodarmel

The Appellate Court of Illinois, Fourth District, reversed the ruling of the Circuit Court of McLean County, in an asbestos case styled Juanita Rodarmel and Baxter Rodarmel, Plaintiffs-Appellees v. Pneumo Abex, L.L.C., Sued as Its Predecessor Pneumo Abex Corporation; and…

ASBESTOS UPDATE: Ill. Court Denies Move to Remand in Ellis Case

The U.S. District Court, Central District of Illinois, denied Linda Ellis’ Motion to Remand an asbestos case filed against various defendants.

The Court also granted Defendants’ Motion to Stay.

The case is styled Linda Ellis, Individually and as special administrator of the…

ASBESTOS UPDATE: Honeywell Has $38MM Sept. 30 Litigation Charges

Honeywell International Inc. recorded asbestos-related litigation charges, net of insurance, of US$38 million during the three months ended Sept. 30, 2011, compared with US$48 million during the three months ended Sept. 30, 2010.

The Company recorded litigation charges, net of insurance,…

ASBESTOS UPDATE: Honeywell Faces 22.8T Bendix Claims at Sept. 30

Honeywell International Inc.’s Bendix friction materials business faced 22,800 asbestos-related claims during the nine months ended Sept. 30, 2011, compared with 22,480 claims during the year ended Dec. 31, 2010.

Bendix manufactured automotive brake parts that contained chrysotile asbestos in an…

ASBESTOS UPDATE: Honeywell Has $1.574-Bil. Long-Term Liabilities

Honeywell International Inc.’s long-term asbestos-related liabilities amounted to US$1.574 billion as of Sept. 30, 2011 and US$1.557 billion as of Dec. 31, 2010, according to the Company’s quarterly report filed on Oct. 21, 2011 with the U.S. Securities and Exchange…

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