SUBURBAN PROPANE: Product Suit Settled for $30M in 1Q-Fiscal ‘09

Suburban Propane Partners, L.P., during the first quarter of fiscal 2009, agreed to settle a litigation involving alleged product liability for about US$30 million, according to the Company’s annual report for the fiscal year ended Sept. 27, 2008.

This settlement will…

SUBURBAN PROPANE: Has $38.8Mil Self-Insurance Asset at Sept. 27

For the portion of its estimated self-insurance liability that exceeds its deductibles, Suburban Propane Partners, L.P. Recorded a corresponding asset related to the amount of the liability covered by insurance (which was about US$38.8 million at Sept. 27, 2008).

The Company’s…