ASBESTOS UPDATE: Lawsuits v. Noble Corp. Drop to 21 at June 30

Noble Corporation says that, at June 30, 2011, there were about 21 asbestos related lawsuits in which it is one of many defendants, according to the Company’s quarterly report filed on Aug. 8, 2011 with the Securities and Exchange Commission.

At…

ASBESTOS UPDATE: Sunoco Still Subject to Potential Actions

Legal and administrative proceedings are pending or may be brought against Sunoco, Inc. arising out of its current and past operations, including allegations of exposures of third parties to toxic substances (such as benzene or asbestos) and general environmental claims.

No…

ASBESTOS UPDATE: 22T Claims Still Pending v. Hercules at June 30

Ashland Inc.’s Hercules subsidiary faced 22,000 open asbestos claims during the nine months ended June 30, 2011, compared with 20,000 claims during the nine months ended June 30, 2010.

Hercules faced 22,000 open asbestos claims during the six months ended March…

ASBESTOS UPDATE: Hawaiian Electric Posts $49.19MM ARO at June 30

Hawaiian Electric Industries, Inc.’s Hawaiian Electric Company subsidiary recorded asset retirement obligations of US$49,191,000 as of June 30, 2011, compared with US$36,019,000 as of June 30, 2010.

HECO recorded AROs of US$48,714,000 as of March 31, 2011, compared with US$23,985,000 as…

ASBESTOS UPDATE: Claims v. Ashland Inc. Drop to 75T at June 30

Ashland Inc. faced 75,000 open asbestos-related claims during the nine months ended June 30, 2011, compared with 84,000 claims during the nine months ended June 30, 2010.

The Company faced 76,000 open asbestos claims during the six months ended March 31,…

ASBESTOS UPDATE: Purks Action v. Texaco Filed on Aug. 4 in Texas

The family of the late James Lee Purks (Patricia, Robert, Gary and Bryan Purks), on Aug. 4, 2011, filed an asbestos suit Mr. Purks’ former employer, Texaco, in Jefferson County District Court, Tex., The Southeast Texas Record reports.

According to the…

ASBESTOS UPDATE: Defendants’ Summary Judgment Denied in Ashland

The U.S. District Court, Western District of Washington, at Tacoma, denied the defendants’ motion to dismiss and for summary judgment in a case involving asbestos styled Ashland Inc., Plaintiff v. Leo H. Long, Jr., et al., Defendants.

District Judge Benjamin H.…

ASBESTOS UPDATE: Diamond Offshore Defending v. Exposure Lawsuits

Diamond Offshore Drilling, Inc. is one of several unrelated defendants in lawsuits filed in the Circuit Courts of the State of Mississippi, according to the Company’s quarterly report filed with the Securities and Exchange Commission on July 28, 2011.

These cases…

ASBESTOS UPDATE: Anadarko Continuing to Face Exposure Lawsuits

Anadarko Petroleum Corporation continues to be a defendant in various personal injury claims, including claims by employees of third-party contractors alleging exposure to asbestos, silica, and benzene while working at refineries previously owned by acquired companies.

No significant asbestos-related matters were…

ASBESTOS UPDATE: Ashland Reserves $793MM for Claims at June 30

Ashland Inc.’s non-current asbestos litigation reserve was US$793 million as of June 30, 2011, compared with US4841 million as of Sept. 30, 2011, according to a Company report, on Form 8-K, filed with the Securities and Exchange Commission on July…

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