Owens Corning

May 15 2006

Thousands of lawsuits were filed on behalf of people sickened by asbestos and in 2000, the fiberglass insulation maker filed for Chapter 11 bankruptcy protection. Asbestos was used as insulation and fire retardant, until the 1970's when scientists found its inhaled fibers could cause cancer and other diseases. Owens Corning has reached a $5.2 billion settlement to resolve current and future asbestos claims. (May-10-06)

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