December 9, 2000 |
Johns Manville Corp. said its previously announced merger pact with an investor group led by affiliates of Hicks, Muse, Tate & Furst Inc. has terminated. The companies agreed to break off the agreement because of weak industry conditions, an increasingly negative outlook for the economy and unfavorable financing markets, the Denver-based maker of building materials said.
August 25, 1991
Most homes built or remodeled between 1950 and 1978 contain asbestos in some form. It's important to know if the house where you live contains asbestos and what to do if it does. A free, consumer-oriented booklet titled "Asbestos in the Home" can be obtained from the Asbestos Victims Special Fund Trust, a nonprofit organization that was created in 1988 as part of the bankruptcy settlement of the asbestos maker Johns Manville Corp. For a copy of the booklet, call (800) 447-7590.
December 10, 1986
The U.S. Environmental Protection Agency and the Johns-Manville Corp. agreed to an out-of-court $3-million settlement of the EPA's suit against the asbestos products maker, the agency said. The EPA, which sought almost $6 million for the clean-up of 22 New Hampshire asbestos sites and one Massachusetts site, agreed not to take further legal action against Manville in connection with those sites. It reserved the right to sue in connection with other sites.
August 18, 2004 |
A federal bankruptcy judge approved a plan by Travelers Property Casualty Corp. to pay $500 million to settle claims against the insurer by people with asbestos-related diseases linked to asbestos maker Johns Manville Corp. More than 600,000 people sued Travelers claiming that it knew about the hazards of asbestos and failed to disclose them over the course of 30 years as Manville's primary insurer.
November 27, 2000 |
A lawsuit filed with little fanfare three years ago in Brooklyn, N.Y., has emerged as the latest flash point in the high-stakes legal battle between the tobacco industry and opponents who claim it conspired to conceal the dangers of smoking. Today, attorneys will converge in a Brooklyn courtroom to begin picking jurors for a two-month trial pitting a trust fund for sick asbestos workers against R.J. Reynolds, Brown & Williamson and other tobacco giants.
January 26, 1999
* Cendant Corp. filed suit against accounting giant Ernst & Young, accusing it of negligently failing to detect bogus revenue that decimated the franchiser's stock and prompted a massive investor lawsuit. Cendant is seeking unspecified damages from Ernst & Young for money it lost in the accounting scandal at former CUC International Inc., one of the companies that merged to create Cendant in December 1997.