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Asbestos litigation is the longest, most expensive mass tort in U.S. history, involving more than 8,000 defendants and 700,000 claimants. [1] By the early 1990s, "more than half of the 25 largest asbestos manufacturers in the US, including Amatex, Carey-Canada, Celotex, Eagle-Picher, Forty-Eight Insulations, Manville Corporation, National Gypsum, Standard Insulation, Unarco, and UNR Industries ...
[18] A $3.95 billion trust was created to handle all existing and potential future asbestos lawsuits, thus permanently resolving the asbestos litigation issue. USG adapted during the Great Recession, which hit the residential and commercial construction markets in mid-2006, resulting in a decreased demand for drywall. [19]
A $1.2 billion settlement trust was established in 1998 to settle claims arising from asbestos-containing products manufactured by both Celotex and Philip Carey. Celotex emerged from Chapter 11 in 1996.
Asbestos, which was once common in home insulation and other products, is banned in more than 50 countries, and its use in the U.S. has been declining for decades.
The U.S. Environmental Protection Agency on Monday finalized a rule that would ban using and importing cancer-causing asbestos, a material still used in some vehicles and in some industrial ...
The import, shipment, supply of, and use of all forms of asbestos is banned in Hong Kong under the Air Pollution Control Ordinance (Cap. 311). [28] Before the 1980s, use of the material was common in construction, manufacturing, and shipping. The government banned the use of most asbestos products in public areas in 1978. [29]
In use as early as 1900, rock lath (also known as "button board," "plaster board" or "gypsum-board lath"), is a type of gypsum wall board (essentially an early form of drywall) with holes spaced regularly to provide a 'key' for wet plaster. [3] Rock lath was typically produced in sheets sized 2 by 4 feet (610 by 1,220 mm).
Asbestos insulating board (AIB), also known by the trade names Asbestolux and Turnabestos, is an asbestos-containing board formerly used in construction for its fire resistance and insulating properties. [1] These boards were commonly used in the United Kingdom from the 1950s until production ended in 1980.