Kaiser Aluminum Corporation’s estimated fair value of conditional asset retirement obligations (CAROs), including for asbestos, at June 30, 2009 was US$3.4 million.
The Company’s estimated fair value of CAROs, including for asbestos, at March 31, 2009 was US$3.3 million. (Class Action…
The Coca-Cola Company still disputes former subsidiary Aqua- Chem, Inc.’s (n/k/a Cleaver-Brooks, Inc.) claims over Aqua- Chem’s demands for about US$10 million for out-of-pocket asbestos litigation-related expenses.
During the period from 1970 to 1981, the Company owned Aqua- Chem. A division…
3M Company, through its Aearo Technologies subsidiary, as of June 30, 2009, has recorded US$34 million as an estimate of the probable liabilities for product liabilities and defense costs related to current and future Aearo-related asbestos and silica- related claims.
The…
Asbestos-related claims are still filed against two of CIRCOR International, Inc.’s subsidiaries: Spence Engineering Company, Inc. (the stock of which the Company acquired in 1984) and Hoke, Inc. (the stock of which the Company acquired in 1998).
Due to the nature…
Chicago Bridge & Iron Company N.V., as of June 30, 2009, still faced 1,400 asbestos-related claims, according to the Company’s quarterly report filed with the Securities and Exchange Commission on July 29, 2009.
At March 31, 2009, the Company continued to…
Flowserve Corporation is still a defendant in a number of pending lawsuits (which include, in many cases, multiple claimants) that seek to recover damages for personal injury allegedly caused by exposure to asbestos-containing products manufactured and distributed by the Company…
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…
Crane Co. says that it intends to pursue all available rights to appeal an asbestos verdict in favor of James Baccus, according to a Company report, on Form 8-K, filed with the Securities and Exchange Commission on July 28, 2009.
On…
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…
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…