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Lawsuits push asbestos firm into default
Denver AP Manville Corp chief executive John A McKinney says the company will not seek a government bailout as it reorganizes under Chapter 11 amid about 16 500 asbestos related lawsuits and potential growth. He notes a federal compensation program would help victims and argues current system is a nightmare. Manville plans to continue operations while arranging settlements, facing potential costs around 2 billion dollars against assets. False alarm Ling Ling panda pregnancy at National Zoo proves incorrect as Ling Ling did not give birth, Hsing Hsing and Ling Ling have been a long standing pair.
MENTIONED IN THIS ARTICLE
Denver
John A. McKinney
Manville Corp