Equitas makes $300m settlement
Equitas announced today that it has agreed settlements with a further 6 major policyholders at a total cost of $300 million. Included within these agreements are settlements with Kaiser Aluminum Corporation, Crane Company and Congoleum Corporation.
The settlements resolve some of the largest remaining direct liabilities facing Equitas. Since April 2001, Equitas has now resolved 35 major direct asbestos settlements involving the payment ofOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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