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ASBESTOS LITIGATION: 39 Suits Ongoing v. Noble Corp. at Jan. 31
Noble Corporation, at Jan. 31, 2009, had 39 asbestos-related lawsuits in which it is one of many defendants, according to the Company's annual report filed with the Securities and Exchange Commission on Feb. 27, 2009.
At Oct. 31, 2008, the Company faced 39 asbestos-related or other personal injury lawsuits. (Class Action Reporter, Nov. 28, 2008)
The Company is party to various lawsuits that are incidental to its operations in which the claimants seek an unspecified amount of monetary damages for personal injury, including injuries purportedly resulting from exposure to asbestos on drilling rigs and associated facilities.
These lawsuits have been filed in the states of Louisiana, Mississippi and Texas. Exposure related to these lawsuits is not currently determinable.
Headquartered in Sugar Land, Tex., Noble Corporation is an offshore drilling contractor for the oil and gas industry. The Company performs contract drilling services with its fleet of 63 mobile offshore drilling units located worldwide. This fleet consists of 13 semisubmersibles, four dynamically positioned drillships, 43 jackups and three submersibles.
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Lloyd's Asbestos Litigation Reporter
is a weekly newsletter distributed every Friday co-published by
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Beard Group, Inc., Frederick, Maryland, USA.
Copyright 2008. All rights reserved. ISSN: 1945-4694.
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