US CP Chem pleased with overturn of $322m asbestos verdict

04 January 2012 20:33  [Source: ICIS news]

HOUSTON (ICIS)--Chevron Phillips Chemical said on Wednesday it was pleased that a Mississippi judge overturned a $322m (€248m) verdict in an asbestos case against it and Dow Chemical’s Union Carbide business.

A Smith County, Mississippi, jury awarded $322m to Thomas Brown on 12 May in what was regarded as the largest single US verdict in an asbestos case.

Brown claimed that he developed asbestosis – a lung disease caused by exposure to asbestos – as a result of his work on drilling rigs. The asbestos was used in a drilling mud additive, according to Brown.

Special Judge William Coleman was appointed to oversee the case last year after the state Supreme Court removed Circuit Judge Eddie Bowen at the request of Union Carbide, which said Bowen had a conflict of interest in the case.

“Chevron Phillips Chemical is pleased with the action taken by Special Judge Coleman,” the company said in a statement. “Chevron Phillips Chemical remains confident in the Mississippi judicial system and looks forward to further proceedings before an impartial tribunal.”

Coleman said the request to vacate the $322m verdict was “well taken and should be granted”.

($1 = €0.77)

By: Brian Ford
+1 713 525 2653

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