• South Carolina Supreme Court allowed claims to proceed seeking to hold ESAB liable for Cape Intermediate asbestos exposure via veil-piercing theories.
• Ruling upheld a pre-judgment receivership aimed at pursuing assets tied to Cape’s asbestos liabilities.
• Receiver alleges ESAB and others operated as Cape’s alter ego, keeping the company in the case heading toward trial.
• Cape sold more than 95% of amphibole asbestos imported into the US from the early 1950s through the late 1970s.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ESAB Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 202605281144BIZWIRE_USPR_____20260528_BW248020) on May 28, 2026, and is solely responsible for the information contained therein.