Hardie Agreement To Go To Shareholders Next Year -- MesoLink.org

Breaking News

Hardie Agreement To Go To Shareholders Next Year

November 27th, 2006

Australian buildings products manufacturer, James Hardie, has stated that it intends to take its agreement relating to a 40 year asbestos compensation payout fund to its shareholders next year, and that the first $184 million could be paid to the country by early 2007 subject to agreement by shareholders.

Over $4.5 billion is to be paid into the compensation fund in total by the company. James Hardie was found to have left inadequate funds to make compensation payments, and following an enquiry authorities had been planning to press charges against some of the executives from the company.

Hardie was forced to negotiate funds with union in 2004 by the New South Wales Government. The Australian Securities and Investment Commission will be announcing whether any charges will be pressed against former executives from the company.

With regards to the negotiations carried out by the New South Wales Government, Australian Council of Trade Unions secretary Greg Combet, stated: "The role of former premier Bob Carr and the role of current New South Wales Premier Morris Iemma has been fundamental. Without the support and work of the State Government, asbestos victims wouldn't receive this compensation in years to come."

Breaking News

Asbestos Closes Iowa School
June 5th, 2008

Air test results shut down an Iowa elementary school this week amid concerns of asbestos. With only three weeks left in the school year, the

Natural Asbestos Causes Health Concern
June 4th, 2008

A park in California has had almost half its 75,000 acres shut to the public after high levels of naturally occurring asbestos was found. Th

Large Verdict Favors Florida Asbestos Victim
June 3rd, 2008

A Florida man was awarded one of the largest asbestos-related verdicts in the state�s history. The company being held responsible for the $2

Important Notice: Mesolink.org is a legal informational site sponsored by the Peterson Firm, LLC. The Peterson Firm�s office is located at: 20 N. Orange Ave - Suite 400, Orlando, Florida 32801. The Peterson Firm is licensed by the Florida Bar Association to practice law within the state of Florida. If the Peterson Firm undertakes representation of a client outside the state of Florida, it will do so with assistance of local counsel from a law firm located in the state where the case is filed. If Peterson Firm undertakes representation in the state of Florida it will also do so with assistance of co counsel.

The content contained herein was not prepared by lawyers and should not be taken as a substitute for legal advice from a licensed attorney. Additionally, this information is not intended to create an attorney-client relationship simply by its viewing. The creation of an attorney-client relationship requires more than viewing this or affiliated websites. Neither the transmission nor receipt of this website material will create an attorney-client relationship between sender and receiver. The material contained herein is general in nature and may or may not be applicable to a viewer�s individual legal needs. Online readers should not act on this information without seeking professional counsel. Please read our 'Terms & Conditions Of Use' for more information.

Additionally, the information contained on Mesolink.org, including but not limited to informational articles, other text/images, and on or off site links, has not been prepared, endorsed, or reviewed by any form of licensed medical professional, including but not limited to physicians, doctors, and so on. Nothing on the this website should be taken as medical advice, but instead should act as a useful resource in providing general information that may be useful to members of the general public. All visitors are encouraged to consult with a physician or other licensed medical professional for any form of medical advice. Please see our 'Terms & Conditions Of Use' for further information.