Flowserve Corp

Flowserve Corporation recorded US$8,920,000 for legal and environmental matters during the year ended Dec. 31, 2010, compared with US$60,244,000 during the year ended Dec. 31, 2009.

Over the years, the Company has been involved as one of many potentially responsible parties…

Flowserve Corporation remains a potentially responsible party at four former public waste disposal sites that may be subject to remediation under pending government procedures.

The projected cost of remediation at these sites, as well as the Company’s alleged “fair share” allocation,…

Flowserve Corporation said in its Quarterly Report for the period ended Sept. 30, 2008, that a risk assessment at a site in Australia is underway, but it will be several months before the assessment is completed.

On Sept. 17, 2007, the…