ASBESTOS UPDATE: Thomas Accrues $1.4MM June 30 Cleanup Liability

Thomas Properties Group, Inc., as of June 30, 2011, had accrued about $1.4 million for estimated future costs of asbestos removal or abatement at its City National Plaza and Brookhollow Central properties.

Some of the Company’s properties may contain asbestos-containing materials.…

ASBESTOS UPDATE: 3M Posts $113MM June 30 Respirator Liabilities

3M Company’s respirator mask/asbestos liabilities amounted to US$113 million as of June 30, 2011, compared with US$126 million as of Dec. 31, 2010.

Respirator mask/asbestos insurance receivables amounted to US$121 million as of June 30, 2011, compared with US$122 million as…

ASBESTOS UPDATE: 3M Co. Posts $31MM Aearo Liabilities at June 30

3M Company, through its Aearo Technologies subsidiary, as of June 30, 2011, has recorded US$31 million as the best estimate of the probable liabilities for product liabilities and defense costs related to current and future Aearo-related asbestos and silica- related…

ASBESTOS UPDATE: 3M Company Still Named in Respirator Lawsuits

3M Company, as of June 30, 2011, is a named defendant, with multiple co-defendants, in numerous lawsuits in various courts that purport to represent about 2,200 individual claimants compared to about 2,148 individual claimants with actions pending at Dec. 31,…

ASBESTOS UPDATE: MeadWestvaco Still Facing 530 Cases at June 30

MeadWestvaco Corporation, as of June 30, 2011, faced about 530 asbestos-related lawsuits, according to the Company’s quarterly report filed on Aug. 4, 2011 with the Securities and Exchange Commission.

As with numerous other large industrial companies, the Company has been named…

ASBESTOS UPDATE: 3M Still Has Declaratory Judgment Case in Minn.

3M Company, since Jan. 5, 2007, has been facing an asbestos- related declaratory judgment action filed on behalf of two of its insurers — Continental Casualty and Continental Insurance Co., both part of the Continental Casualty Group — disclaiming coverage…

ASBESTOS UPDATE: Barton Lawsuit v. 65 Firms Filed in Kanawha Co.

An asbestos lawsuit styled Joan W. Barton, executrix of the Estate of Howard William Barton vs. 3M Company; A.W. Chesterton Company; Aurora Pump Company; et al was filed on May 25, 2011 in Kanawha County Circuit Court, W.Va., The West…

ASBESTOS UPDATE: Thomas Posts $1.3MM March 31 Cleanup Liability

Thomas Properties Group, Inc., as of March 31, 2011, has accrued US$1.3 million for estimated future costs of asbestos removal or abatement at its City National Plaza and Brookhollow Central properties.

With respect to asbestos-containing materials present at the City National…

ASBESTOS UPDATE: Tawney Lawsuit v. 65 Firms Filed in Kanawha Co.

An asbestos lawsuit styled Jack L. Tawney and Frances E. Tawney, his wife vs. 3M Company; A.W. Chesterton Company; Aurora Pump Company; et al was filed on May 23, 2011 in Kanawha County Circuit Court, W.Va., The West Virginia Record…

ASBESTOS UPDATE: 530 Actions Ongoing v. MeadWestvaco at March 31

There were about 530 asbestos-related personal injury lawsuits pending against MeadWestvaco Corporation as of March 31, 2011, according to the Company’s quarterly report filed with the Securities and Exchange Commission on May 5, 2011.

There were about 555 asbestos-related lawsuits pending…

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