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The corporation's debt was reduced by $1.4 billion and interest costs dropped from $320 million per year to $170 million per year. The plan worked and USG re-emerged to be a profitable corporation. USG once again declared bankruptcy on June 25, 2001, under Chapter 11 to manage the growing asbestos litigation costs.
In time it became a generic term for other companies' similar asbestos-cement products, and later an even more generic term for a hard, fireproof composite material, fibre cement boards, typically used in wall construction. It can also be found in insulation, siding, roof gutters, and cement wallboard. The more prevalent transite found in wall ...
Drywall, also known as plasterboard, is a building material typically consisting of gypsum-based plaster extruded between two thick sheets of paper and kiln-dried.. Drywall was imported by the United States during the construction boom between 2004 and 2007, spurred by a shortage of American-made drywall due to the rebuilding demand of nine hurricanes that hit Florida from 2004 to 2005, and ...
Asbestos (/ æ s ˈ b ɛ s t ə s, æ z-,-t ɒ s / ass-BES-təs, az-, -toss) [1] is a group of naturally occurring, toxic, carcinogenic and fibrous silicate minerals.There are six types, all of which are composed of long and thin fibrous crystals, each fibre (particulate with length substantially greater than width) [2] being composed of many microscopic "fibrils" that can be released into ...
The EPA banned asbestos in 1989, but the rule was largely overturned by a 1991 Court of Appeals decision that weakened the EPA’s authority under TSCA to address risks to human health from ...
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 ...
The Furthering Asbestos Claim Transparency (FACT) Act of 2015 (old bill number- H.R. 526, now Section 3 of H.R. 1927) is a bill introduced in the U.S. House of Representatives by Congressman Blake Farenthold that would require asbestos trusts in the United States to file quarterly reports about the payouts they make and personal information on the victims who receive them in a publicly ...
Devil's Dust is a two-part Australian television docu-drama mini-series on the ABC which first screened in 2012. Based on journalist Matt Peacock's 2009 book Killer Company, [1] Devil's Dust was researched and developed by producer Stephen Corvini for over two years prior to the series' production.