ASBESTOS UPDATE: Union Pacific Has $155MM Liability at Sept. 30

Union Pacific Corporation’s asbestos-related liability amounted to US$155 million for the nine months ended Sept. 30, 2011, compared with US$166 million for the nine months ended Sept. 30, 2010, according to the Company’s quarterly report filed on Oct. 21, 2011…

ASBESTOS UPDATE: Illegal Dismissal Case v. U-Haul Filed Oct. 14

Mark Clemens, a 38-year-old former worker of U-Haul in the San Francisco facility, on Oct. 14, 2011, sued his former employer, claiming he was fired for complaining about asbestos, KTVU reports.

The U-Haul facility in the Bayview is one the largest…

ASBESTOS UPDATE: Ocean Rig UDW May be Subject to Exposure Claims

DryShips Inc.’s Ocean Rig UDW subsidiary may be, from time to time, involved in various litigation matters including asbestos and other toxic tort claims.

No significant asbestos-related matters were discussed in a Company report, on Form 6-K, filed with Securities and…

ASBESTOS UPDATE: Inquests Rule on Carriageworks Workers’ Deaths

Inquests in York, England, heard that the deaths of two former York Carriageworks employees — Edward Horsman and Harold Abbott – were related to workplace exposure to asbestos, The Press reports.

Mr. Horsman and Mr. Abbott contracted mesothelioma after being repeatedly…

ASBESTOS UPDATE: Tata Posts GBP374.2MM A&E Provision at June 30

Tata Motors Limited recorded asbestos and environmental (land cleanup) provisions of GBP374.2 million as of June 30, 2011, compared with GBP360.2 million as of March 31, 2011, according to a Company report, on Form 6-K, filed with the Securities and…

ASBESTOS UPDATE: Norfolk Southern Still Faces Occupational Suits

Norfolk Southern Corporation is still involved in occupational claims (including asbestosis and other respiratory diseases, as well as conditions allegedly related to repetitive motion).

These claims are often not caused by a specific accident or event but rather allegedly result from…

ASBESTOS UPDATE: Great Lakes, NATCO Subject to Exposure Lawsuits

Great Lakes Dredge & Dock Corporation or its former subsidiary, NATCO Limited Partnership, is still involved in asbestos-related lawsuits.

The Company or NATCO is named as a defendant in about 251 asbestos-related personal injury lawsuits, the majority of which were filed…

ASBESTOS UPDATE: Exposure Actions Still Pending v. Wabtec, Units

Claims have been filed against Westinghouse Air Brake Technologies Corporation (d/b/a Wabtec) and certain of its affiliates in various jurisdictions across the United States by persons alleging bodily injury as a result of exposure to asbestos-containing products.

Most of these claims…

ASBESTOS UPDATE: Burlington Accrues $561MM June 30 Obligations

Burlington Northern Santa Fe, LLC’s accrued obligations for asbestos and other personal injury matters were US$561 million during the three months ended June 30, 2011, compared with US$626 million during the three months ended June 30, 2010.

The Company’s accrued obligations…

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…

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