Browsing articles from "March, 2011"
Mar
29
2011

Rust-Oleum Maker to Set Up Asbestos Bankruptcy Trust

Two subsidiaries of RPM International Inc., makers of Rust-Oleum and other specialty  paints, filed for bankruptcy last year due to a large amount of asbestos related cases.  SpecialtyProducts and Bondex both filed for bankruptcy last year facing about 15,000 asbestos cases, at the time of bankruptcy about 10,000 of the cases were active in courts around the United States.  Additionally, Bondex has admitted in court papers that they sold asbestos-tainted products from 1966-1977.  Asbestos is [...]