In a Dec. 12 Arne Alsin column,
Looking for the Full SPX Story, a lawsuit against Weil McLain, among other defendants, was not fully explained. As now noted in the story, Weil McLain, a division of
(SPW:NYSE), was a defendant in an asbestos-related lawsuit, since settled in New York County Supreme Court. There never was a verdict on liability; as to damages, the verdict was collective, and did not ascribe a damages amount specifically to Weil McLain. The column has since been changed to reflect that. As well, the reference to the use of asbestos as an insulating material in prior years has been deleted.
TheStreet.com regrets the error.