Judge rules for O-I in asbestos case

9/5/2012

Owens-Illinois Inc. said Tuesday that it was pleased with what it dubbed a “favorable ruling” in an asbestos-related court case.

The case, decided by a judge in McLean County, Illinois, stemmed from allegations the Perrysburg-based glass container company took part in a conspiracy to conceal or misrepresent the health risks associated with asbestos. The ruling negated $9.6 million in compensatory damages and $40 million in punitive damages. The case is subject to appeal.