Cooper Drops Appeal Of $293M Arbitration Award Over Asbestos Liabilities

Mealey's (May 21, 2019, 8:49 AM EDT) -- HOUSTON — Cooper Industries LLC dropped its appeal of a $293 million arbitration award for Pepsi-Cola Metropolitan Bottling Co. over Pneumo Abex LLC asbestos liabilities, its Dublin, Ireland-based Eaton Co. parent announced May 7 in a regulatory filing (Pepsi-Cola Metropolitan Bottling Co v. Cooper Industries, No. 201177606, Texas Dist., Harris Co.)....