Monday, October 25, 2004

Jury Backs Union Carbide in Asbestos Suit

A jury has ruled that Union Carbide Corp. was not fraudulent in how it sold asbestos for use in Kelly-Moore Paint Co.'s interior finishing products - a verdict an attorney for the paint company said probably will force it into bankruptcy in the face of tens of thousands of lawsuits.
Kelly-Moore had sued Union Carbide for $1.3 billion plus punitive damages, claiming the Dow Chemical Co. subsidiary had hidden from it the dangers of asbestos.

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