ASBESTOS LITIGATION: ABB Says No Deal Approved Before August
-----------------------------------------------------------
Published July 25, 2003


ABB does not expect a ruling on its asbestos settlement package 
before August.

U.S. District Judge Alfred Wolin will hear the appeal of the 
opposition on July 31 in Newark, New Jersey wherein the 
$1,300,000,000-settlement will either be granted or denied.  His 
ruling can be appealed in a higher court.

The Swiss engineering firm is eyeing the approval of the 
settlement because it would ease its plan to sell its oil, gas 
and petrochemical unit.

Lummus Global, its OGP arm will not go unharmed by the asbestos 
issue, according to investors.



-----------------------------------------------------------
LitigationDataSource.com