GENCORP INC: Aerojet Involved in San Gabriel Contamination Cases

GenCorp Inc.’s subsidiary, Aerojet-General Corporation, continues to be subject to environmental lawsuits regarding contamination at the South El Monte Operable Unit (SEMOU) of the San Gabriel Valley Superfund site.

In October 2002, Aerojet and about 65 other individual and corporate defendants…

GENCORP INC: Accrues $213.6Mil for Environmental Costs at May 31

GenCorp Inc. says that, as of May 31, 2010, the aggregate range of anticipated environmental costs was US$213.6 million to US$417.3 million and the accrued amount was US$213.6 million.

Of these accrued liabilities, about 70 percent relates to the Sacramento, Calif.…

GENCORP INC: Discovery in Caldwell Case v. Aerojet Still Ongoing

GenCorp Inc. says that discovery in a case styled Caldwell et al. v. Aerojet-General Corporation is continuing.

In December 2007, Aerojet, a Company subsidiary, was named as a defendant in a lawsuit brought by six individuals who allegedly resided in the…

GENCORP INC: Records $175.2M Long-Term Envt’l. Reserve at May 31

GenCorp Inc.’s long-term reserves for environmental remediation costs were US$175.2 million as of May 31, 2010, compared with US$178.2 million as of Nov. 30, 2009.

The Company’s current reserves for environmental remediation costs were US$38.4 million as of May 31, 2010,…

GENCORP INC: Involved in Textileather Case Regarding Toledo Site

GenCorp Inc. is involved in litigation filed by Textileather, Inc. regarding a Toledo, Ohio site, which was adjacent to the Ottawa River.

In August 2007, the Company, along with numerous other companies, received from the U.S. Department of Interior Fish and…

GENCORP INC: Stay on Sacramento’s Action Continued Until Nov. 30

GenCorp Inc. says that a stay in a lawsuit filed by the County of Sacramento and the Sacramento County Water Agency (collectively, “SCWA”) against subsidiary Aerojet-General Corporation has been continued to Nov. 30, 2010.

In August 2003, the SCWA and Aerojet…