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ASBESTOS LITIGATION: Gorman-Rupp, 2 Units Facing Injury Actions
The Gorman-Rupp Company and two of its subsidiaries continue to be involved in asbestos-related litigation.
Numerous business entities in the pump and fluid handling industries, as well as a multitude of companies in many other industries, continue to be targeted in a series of lawsuits in several jurisdictions by various individuals seeking redress to claimed injury as a result of the entities' alleged use of asbestos in their products.
Most of these cases are against Patterson Pump Company. The allegations in the lawsuits involving the Company and its subsidiaries are vague, general and speculative, and most cases have not advanced beyond the early stage of discovery.
In certain situations, the plaintiffs have voluntarily dismissed the Company and its subsidiaries from some of the lawsuits after the plaintiffs have acknowledged that there is no basis for their claims. In other situations, the Company and its subsidiaries have been dismissed from some of the lawsuits as a result of court rulings in favor of motions to dismiss and motions for summary judgment.
In 25 cases, the Company and its subsidiaries have entered into nominal economic settlements recommended and paid for by insurers, coupled with dismissal of the lawsuits.
Insurers of the Company have engaged legal counsel to represent the Company and its subsidiaries and to protect their interests.
Headquartered in Mansfield, Ohio, The Gorman-Rupp Company designs, manufactures and sells pumps and related equipment (pump and motor controls) for use in water, wastewater, construction, industrial, petroleum, original equipment, agriculture, fire protection, heating, ventilating and air conditioning (HVAC), military and other liquid-handling applications.
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Lloyd's Asbestos Litigation Reporter
is a weekly newsletter distributed every Friday co-published by
Bankruptcy Creditors' Service, Inc., Fairless Hills, Pennsylvania, USA, and
Beard Group, Inc., Frederick, Maryland, USA.
Copyright 2008. All rights reserved. ISSN: 1945-4694.
This material is copyrighted and any commercial use, resale or publication
in any form (including e-mail forwarding, electronic re-mailing and photocopying)
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Additional e-mail subscriptions for members of the same firm
for the term of the initial subscription or balance thereof, are $25 each.
For subscription information, contact Christopher Beard at 240/629-3300 ext 1.
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