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Brand Finance defines brand value as being the net economic benefit that the owner of the brand would achieve if they licensed the brand in the open market

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McKinney, Manvilles chairman and chief executive officer, announced that the company was overwhelmed by 16,500 lawsuits related to the health effects of asbestos. McKinney said that asbestos-disease lawsuits were being brought against Manville at a rate of five hundred a month, and that the company could expect to be named as a defendant in at least fifty-two thousand such lawsuits before the litigation ran its course