AsbestosAsbestos News
Congoleum Chapter 11 Exit Plan Irks Insurers
Congoleum Corporation has been battling insurance companies for years in bankruptcy court and the company's plan to exit Chapter 11 protection is being met with objection by insurers.
Asbestos Settlement for W.R. Grace Wins Approval
An agreement for W.R. Grace to reimburse the federal government $250 million for investigating and cleaning up asbestos contamination in a Montana town was recently approved by a federal bankruptcy judge.
Foster Wheeler has the Highest Number of Open Asbestos Claims
A study conducted by the Lloyd's Asbestos Litigation Reporter indicates that Foster Wheeler Ltd. remains the company with the highest number of open asbestos claims.
W. R. Grace & Co: Settling liability
There is something positive offered to all sides in the huge settlement from litigation involving W. R. Grace & Co. and thousands of asbestos victims.
Federal-Mogul Corp. is Back on Track
Southfield-based Federal-Mogul Corporation, finally free from the shackles of bankruptcy, is now flush with cash, has a new owner, $3.5 billion in borrowing availability, and is looking to make acquisitions.
W.R. Grace Reaches Settlement on Asbestos Claims
W.R. Grace & Co., former asbestos producer, is hopeful about emerging from bankruptcy protection by early next year after reaching an agreement with asbestos claimants that could cover personal injury claims for up to $3 billion.
Dana Agrees to Settle 7,500 Asbestos Claims
Dana Corp. is agreeing to pay 7,500 personal injury claimants a total of $2 million to resolve their lawsuits stemming from asbestos-laden gaskets that were produced by the company.
Doctor Dispenses Hope to Patients
Patients who have been exposed to asbestos come from across the country for a diagnosis from this national expert
Shades of 9/11: The Weakness beneath NYC's Surface
Long Island, NY - Tamara Olympia was in the process of printing out a 150-page report when the lights flickered. "I thought there were Con Ed issues," she said of the utility company that inflicts such summer courtesies and worse upon its customers. "Then the floor started to vibrate"...
He was the toughest guy who ever played
Wolcott, CT - Frank Vaccarelli was known as a man who didn't like to lose, and Vaccarelli won his last battle. Mesothelioma, the demon, took one of his lungs, but it didn't take his life.
The US Gypsum Company Establishes an Asbestos Settlement Trust
New Haven, Connecticut - The United States Gypsum Corporation Settlement Trust is now accepting claims for individuals that have been diagnosed with mesothelioma as a result of exposure to asbestos. Early, Ludwick, Sweeney & Strauss is currently filing claims with the trust on behalf of claimants.
Bankruptcy Court Issues Opinion on Congoleum Reorganization Plan
Congoleum Corporation (AMEX:CGM) reported today that the judge overseeing its reorganization has issued a ruling on motions filed by insurers seeking to prevent confirmation of its most recent reorganization plan.
Owens Corning Offers Plan for Claims
Owens Corning filed a new bankruptcy reorganization plan aimed at wiping out the company's estimated $10.2 billion in asbestos liabilities.
ABB up on bankruptcy court's asbestos green light
Shares in Swiss engineering group ABB Ltd. rose on Monday after a U.S. bankruptcy court on Friday gave its permission for ABB to move forward with its $1.4 billion asbestos settlement plan.
Owens Corning posts $4.2 billion loss on asbestos reserve
Bankrupt building materials company Owens Corning on Wednesday reported a huge first-quarter loss after increasing its recorded reserves for asbestos-related liability, but said sales rose in the quarter.
Workers Unwittingly Take Home Toxins
Marjorie Stilphen, a 50-year-old grandmother in Bath, Maine, says more efforts are needed to make employees and family members aware of the dangers.
New Warning Made About Asbestos
Anyone working for any length of time with vermiculite insulation from a W.R. Grace & Co. mine in Montana faces a substantial health risk from asbestos contamination, a federal health official warns.
Bill in Congress Would Harm Former Shipyard Workers
"Until the 1970s, thousands of local shipyard employees, including those at Newport News Shipbuilding, worked with asbestos that was used for insulation and fireproofing.
Asbestos Suits Target Makers of Wine, Cars, Soups, Soaps
At least 22 companies facing asbestos litigation have filed for bankruptcy protection, by the count of Coalition for Asbestos Resolution. Stilphen, who has terminal mesothelioma (a cancer of the lining of the chest), says she is suffering today because of exposure to asbestos carried home from the workplace.
Most Asbestos Diseases Linked to Mine Workers
Most Libby residents with asbestos-related diseases had a direct connection to the former vermiculite mine or its workers, the federal Environmental Protection Agency has concluded.
Coming to Grips With a Legacy Of Asbestos
Ms. Boston remembers how dirty and dusty it was in the plant that for years made asbestos brake shoes for cars. The plant had little ventilation in the early years and no one wore masks, she recalled.
