So Strand Lighting LLC is taking this drastic step because Century Lighting used asbestos in its fixtures until the mid-1970s? I'm not sure I buy it. I wonder if Altman and Mole-Richardson (others still in existence?) are scared also?... Effectively this bankruptcy is deferring risk from numerous asbestos-related personal injury lawsuits, ...
One, perhaps only, example:
Err....not quite. New York stagehand Barbara Bercu passed away about 10 years ago [~2005] of mesothelioma. Prior to her death, she sued a number of manufacturers and rental shops, alleging that her illness was due to asbestos exposure from fixtures and asbestos borders. The suit was settled after her death.