After a three-week trial in a Little Rock federal courtroom, a jury awarded more than $18.5 million Tuesday to the family of a man who worked at a brake shop in the city in the 1970s, exposing him to asbestos…
TROY, Mich., Jan. 22, 2019 /PRNewswire/ — Meritor, Inc. today announced that Maremont Corporation (“Maremont”), a non-operating subsidiary of Meritor, and Maremont’s three wholly-owned, non-operating subsidiaries, Maremont Exhaust Products, Inc., AVM, Inc., and Former Ride Control Operating Company, Inc. (collectively, the “Debtors”), have…
Maremont will Seek to Establish Trust to Resolve Asbestos Claims Under Section 524(g) of the U.S. Bankruptcy Code and Begin Solicitation of Prepackaged Plan of Reorganization Meritor and All Non-Maremont Subsidiaries Will Continue to Operate as Usual TROY, Mich. –…
Honeywell, which sold Bendix in 2014, has had to revise its estimates for its Bendix-related asbestos liabilities. According to Reuters, The industrial conglomerate’s revised estimate for asbestos-related liabilities was $2.61 billion as of end-2017, some $1.09 billion higher than a…