Owens-Illinois, Honeywell Escape $90M Asbestos Verdict

Law360, New York (September 6, 2012, 1:33 PM EDT) -- An Illinois county judge has tossed part of a nearly $90 million jury verdict in a suit alleging that Owens-Illinois Inc., Honeywell International Inc. and two other companies conspired to conceal potential asbestos risks, Owens-Illinois said Tuesday.

A judge in Illinois' McClean County partly vacated a jury verdict that ordered Owens-Illinois to pay $40 million in punitive damages and a share of a $9.6 million compensatory damages award against the company and its co-defendants, Honeywell, Smiths Group PLC's John Crane Inc. and Pneumo Abex LLC, the...
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