Another asbestos company exits bankruptcy

ABB Ltd said no appeals had been filed by an end-March deadline against a reorganisation plan for its US unit CE, meaning the plan is final and effectively drawing a line under a damaging 16 year legal battle over asbestos compensation for the Swiss/Swedish...

Congoleum Insurance Settlement Approved by the Court

Congoleum Corporation is a subsidiary of American Biltrite Inc. Congoleum is a flooring manufacturer whose products contained asbestos. Congoleum filed for bankruptcy protection on Dec. 31, 2003. The Mercerville, N.J.-based flooring company is facing thousands of...