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ASBESTOS LITIGATION: Minerals Technologies Still Has 26 Lawsuits
Minerals Technologies Inc. continues to face 26 pending asbestos-related cases, according to the Company's annual report filed with the Securities and Exchange Commission for the year ended Dec. 31, 2008.
Certain of the Company's subsidiaries are among numerous defendants in a number of cases seeking damages for exposure to asbestos containing materials. To date, two asbestos cases have been dismissed. One new asbestos case was filed in the fourth quarter of 2008.
Most of these claims do not provide adequate information to assess their merits, the likelihood that the Company will be found liable, or the magnitude of such liability, if any. Additional claims of this nature may be made against the Company or its subsidiaries.
The Company has not settled any asbestos lawsuits to date.
Headquartered in New York, Minerals Technologies Inc. is a resource- and technology-based company that develops, produces and markets specialty mineral, mineral-based and synthetic mineral products and supporting systems and services. The Company has two reportable segments: Specialty Minerals and Refractories.
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Lloyd's Asbestos Litigation Reporter
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