Southern Copper Corporation’s direct and indirect parent corporations, including Americas Mining Corporation and Grupo Mexico S.A.B. de C.V., still are parties to various litigation (including asbestos-related) involving Asarco LLC.
In August 2002, the U.S. Department of Justice brought a claim alleging…
Cabot Corporation continues to be party to cases, including asbestos-related, in connection with a safety respiratory products business that a subsidiary acquired from American Optical Corporation (AO) in an April 1990 asset purchase transaction.
The subsidiary manufactured respirators under the AO…
A Harbinger Capital Partners affiliate, on May 26, 2009, won court approval to try to reorganize Asarco LLC, making the hedge-fund manager the third group trying to take over the bankrupt copper miner, Bloomberg reports.
On May 26, 2009, U.S. Bankruptcy…
Tenaris, S.A.’s Italian subsidiary, Dalmine S.p.A., as of March 31, 2009, faced a total of 41 pending asbestos claims, of which none were covered by insurance.
As of Dec. 31, 2008, Dalmine faced 55 pending asbestos claims, of which none were…
The Mesothelioma & Asbestos Awareness Center said that it expects that Grupo Mexico S.A.B. de C.V. will appeal an asbestos- and environmental-related ruling in favor of its subsidiary ASARCO LLC.
Asarco, an Arizona-based mining and smelting company, filed for bankruptcy in…
Southern Copper Corporation’s direct and indirect parent corporations, including Americas Mining Corporation and Grupo Mexico S.A.B. de C.V., still are parties to various litigation (including asbestos-related) involving Asarco LLC.
In August 2002, the U.S. Department of Justice brought a claim alleging…
Judge J. Manuel Banales of the 105th Judicial District Court of Nueces County, Tex., ruled that Asarco LLC’s insurance policies exclude only asbestosis claims and not other asbestos-related diseases, Reuters reports.
The ruling paves the way for Asarco to seek US$60…
Joy Global Inc. and its subsidiaries continue to be involved in various unresolved legal matters that arise in the normal course of operations, the most prevalent of which relate to product liability (including asbestos-related and silicosis liability), employment and commercial…