In the latest development to affect Owen Corning's asbestos-related bankruptcy proceedings, bank lenders led by Credit Suisse First Boston (CSFB) want to sue medical professionals who read x-rays for asbestos claimants. The banks contend that the health professionals fraudulently interpreted x-rays as positive for asbestos-related disease. Owens Corning said it first wants to be indemnified against counterclaims before any suits are filed. So far, CSFB has refused to indemnify Owens Corning. Owens Corning filed for Chapter 11 protection on 5 October 2000, in the US Bankruptcy Court for the District of Delaware in Wilmington. The building products company has disagreed with CSFB over the value of asbestos claims facing the company, which Owens Corning plans to pay out of a trust. (whole item) Liability estimates range from USD 2 billion to USD 16 billion.
