Member Directory
Member Directory

Honeywell to Pay $1.3B Over Asbestos-Related Claims

Honeywell logo

Honeywell International Inc will pay $1.3 billion to end asbestos-related claims stemming from its former unit, the industrial giant said on Friday, helping it reduce its environmental liabilities.

The settlement, as part of a deal with North American Refractories Asbestos Personal Injury Settlement Trust, will help the aerospace manufacturer eliminate its funding obligations to the trust, the company said in a regulatory filing.

Honeywell said the one-time, lump sum payment will have ‘limited obligations’ to the trust following the completion of the deal.

Read the source article at News.law

Contact Us Today

Read More Legal News

The National Trial Lawyers White Logo for Footer
© Copyright 2022, All Rights Reserved | National Trial Lawyers
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram