Has Claiming Peaked for the James Hardie Asbestos Compensation Fund ?
The saga goes forward for Australia’s James Hardie, and its effort to manage asbestos claiming through a compensation fund. On one hand, the company and former officers remain subject to a cloud cast by charges of securities law violations associated with the disclosures related to the creation and funding of the compensation trust. On the other hand, the company is now seeing some signs that claiming to the fund may have peaked in 2008. On the latter, a new Australian press story is here. The company’s press release is here. This page of its website compiles many of the documents relevant to the compensation fund.