The Federal-Mogul Corporation's asbestos litigation troubles stemmed from the company's acquisition of other asbestos product manufacturers.
Federal-Mogul Global: A Victory for Bankruptcy Asbestos TrustsJonesDay
Reports the problems faced by the Federal-Mogul Corp. on asbestos liabilities in Southfield, Michigan. Increase of requirements for designs and engineering services; Emergence of high prices; Establishment of trial venue to fight non-malignant claims.Sherri Begin...
to 75%. It notes that the Class B shares of Federal-Mogul, which have been distributed to an asbestos personal-injury trust fund, bought by Thornwood have been converted to Class A ones. It notes the lawsuits from asbestos-liability claims being faced by Federal-Mogul. It mentions that the...
Federal-Mogul Files in Bankruptcy Court After Estimate for Asbestos Liability Soars.Reports that Federal-Mogul Corp. sought bankruptcy-court protection in a Delaware court after calculating the high cost of its asbestos liabilities.EBSCO_bspWall Street Journal - Eastern Edition...
Reports on the credit lines offered to Federal-Mogul Corp. for its fight in the asbestos litigation in the United States. Reason for adopting the strategy; Plans of Federal-Mogul to pull out of the Center for Claims Resolution, a group of companies with asbestos liability; Amount of payments...
Examines how the asbestos liability claims against automobile parts supplier Federal-Mogul Corp. affects the company's financial health. Market value of the company after a series of acquisitions in 1998; Value of the budget reserve set up by the company to address the liability suits; Amount of...
Federal-Mogul Fights Proposal Of Asbestos Law.Reports on the passage of the Fairness in Asbestos Injury Resolution Act of 2005 and its impact on the effort of Federal-Mogul Corp. to emerge from bankruptcy.EBSCO_bspWall Street Journal Eastern Edition...