ASBESTOS UPDATE: Grimshaw Family Awarded GBP48T in Compensation

The family of a man who died after being exposed to asbestos, Reg Grimshaw, of Scunthorpe, North Lincolnshire, England, has been awarded GBP48,000 in compensation, BBC News reports.

Mr. Grimshaw died in 2010 at the age of 88 from the lung…

ASBESTOS UPDATE: Long Suit v. 10 Firms Filed on Aug. 2 in W.Va.

An asbestos lawsuit styled Charles H. Long and Ruth Long vs. AK Steel Corporation; AmChem Products, Inc.; and Bechtel Corporation et al., was filed on Aug. 2, 2011 in Kanawha County Court, W.Va., The West Virginia Record reports.

The Longs claim…

ASBESTOS UPDATE: Olin Corp. Records $17MM Liabilities at June 30

Olin Corporation’s liabilities for asbestos-related actions were US$17 million as of June 30, 2011, US$18.1 million as of Dec. 31, 2010, and US$19.4 million as of June 30, 2010.

The Company and its subsidiaries are defendants in various legal actions (including…

ASBESTOS UPDATE: Chicago Bridge Posts $1.5MM June 30 Liability

Chicago Bridge & Iron Company N.V., at June 30, 2011, had accrued about US$1.5 million for asbestos liability and related expenses, according to the Company’s quarterly report filed on July 22, 2011 with the Securities and Exchange Commission.

The Company is…

ASBESTOS UPDATE: Ampco’s Long-Term March 31 Liability at $190MM

Ampco-Pittsburgh Corporation’s long-term asbestos-related liabilities amounted to US$190,268,619 as of March 31, 2011, compared with US$193,603,000 as of Dec. 31, 2010.

The Company’s current asbestos liabilities amounted to US$25 million as of both March 31, 2011 and Dec. 31, 2010.

The Company’s…

ASBESTOS UPDATE: Dismissal of Ampco From Howden Case in Progress

The dismissal of Ampco-Pittsburgh Corporation from an asbestos- related insurance litigation regarding Howden North America, Inc. is now in process.

Certain of the Company’s subsidiaries and the Company have an arrangement (Coverage Arrangement) with insurers responsible for historical primary and some…

ASBESTOS UPDATE: Open Claims v. Ampco Rise to 8,668 at March 31

Ampco-Pittsburgh Corporation faced about 8,668 open asbestos claims for the three months ended March 31, 2011, compared with 8,081 open claims for the year ended Dec. 31, 2010.

For the three months ended March 31, 2011, gross settlement and defense costs…

ASBESTOS UPDATE: Ampco Case v. 13 Insurance Firms in Pa. Ongoing

Ampco-Pittsburgh Corporation and its Air & Liquid Systems Corporation, since Feb. 24, 2011, is pursuing a lawsuit in the U.S. District Court for the Western District of Pennsylvania against 13 domestic insurance companies, certain underwriters at Lloyd’s, London and certain…

ASBESTOS UPDATE: 17 Claims Pending v. Ladish Co. in Five States

Ladish Co., Inc., as of May 5, 2011, has a total of 17 individual asbestos claims — nine claims pending in Mississippi, one claim pending in Wisconsin, one claim pending in Missouri, one claim pending in Georgia and five individual…

ASBESTOS UPDATE: Olin Corp. Posts $16.2MM Liability at March 31

Olin Corporation’s liabilities for asbestos legal actions amounted to US$16.2 million at March 31, 2011 and US$18.1 million at Dec. 31, 2010.

These liabilities do not include costs associated with legal representation.

The Company and its subsidiaries are defendants in various legal…

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