Asbestos Lawsuits Prompt Vanderbilt Minerals to File Bankruptcy
Vanderbilt Minerals, which mines materials used in industrial products, filed for bankruptcy after its cash flow was overwhelmed by an increase in lawsuits that accuse the company of once selling items contaminated by asbestos. The firm, which denies that its products contained the cancer-causing substance, plans to hold an auction for its assets, according to […]
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