IHS Chemical Week

World News and Views :: Top of the News

Court sets RPM subsidiaries’ asbestos liability at $1.17 billion

9:18 AM MDT | May 21, 2013 | Vincent Valk

Specialty Products Holding Corp. (SPHC) and Bondex, RPM insulation products subsidiaries that are in Chapter 11 bankruptcy protection because of asbestos claims, could be held liable for up to $1.17 billion in asbestos claims, a Delaware court decided today. SPHC and Bondex intend to appeal the claim, and RPM says the appeals process could take two to three years. “The debtors … firmly believe substantially overstates the amount of their liability and is not supported by the facts or the law,” RPM says.   RPM opted to take SPHC and Bondex...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Not an IHS Chemical Week subscriber yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine a year in print or digital format
  • Real time news and analysis on chemweek.com 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now


contact us | about us | privacy policy | sitemap

ihsCopyright © IHS, Inc.All rights reserved.Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa