Asbestos News

May 16, 2012

EDITORIAL: Asbestos trusts say they have nothing to hide, but act like they do

Southeast Texas Record | May 16, 2012

Asbestos trust funds were established so that future claimants can receive benefits from asbestos manufacturers going bankrupt. But the lack of transparency can facilitate fraud, and cause claimants and attorneys to seek redundant restitution from multiple funds.

Tags: Asbestos

Dem congressman Cohen criticizes 'parasite' asbestos lawyers, recalls Warren Zevon's death

Marathon Pundit | May 16, 2012

US Rep. Steve Cohen (D-TN)--who I've been tough on in the past as you will read here--criticized lawyers who work on asbestos cases at a hearing of the House Judiciary Committee's Subcommittee on Courts, Commercial and Administrative Law last week.

Tags: Asbestos, Legal Ethics

Dem Congressman Describes Asbestos Lawyers as Parasites

Illinois Review | May 16, 2012

A recent Harris Interactive survey finds Illinois ranked as having one of the worst legal climates (45th out of 50) in the country — and a big reasons is Madison County, IL, which has a national reputation as a haven for asbestos lawsuits.

Tags: Asbestos, Legal Ethics

May 14, 2012

Dem. Congressman calls attorneys who contacted him 'parasites'

Legal Newsline | May 14, 2012

At a House subcommittee hearing on legislation concerning asbestos bankruptcy trusts, U.S. Rep. Steve Cohen on Thursday referred to plaintiffs attorneys who contacted him about the illness of his friend as "parasites."

Tags: Asbestos

May 11, 2012

SPECIAL REPORT: The long, lethal shadow of asbestos

Reuters | May 11, 2012

As anyone in the United States with a TV or Internet connection probably knows, lawyers want you if you've been exposed to asbestos, and they're paying to get you.

Tags: Asbestos

Asbestos trust funds needs greater transparency to prevent fraud: Witnesses

Business Insurance | May 11, 2012

The congressionally created system of asbestos trust funds needs greater transparency to prevent potential fraud, a series of witnesses told a House panel Thursday.

Tags: Asbestos

Fraud case will continue against asbestos firm

May 11, 2012

The third amended complaint in CSX Transportation's long-running racketeering case against a Pittsburgh asbestos firm has survived a motion to dismiss.

Tags: Asbestos

May 2, 2012

Elizabeth Warren was key in asbestos case

Boston Globe | May 2, 2012

Six months after Elizabeth Warren arrived in Washington to work as an adviser to Congress, she experienced another career milestone in the nation’s capital, a seat at the US Supreme Court’s mahogany counsel table.

Tags: Asbestos

May 1, 2012

Miss. Jury Sides with Union Carbide After Retrial of $322 Million Asbestos Case

American Lawyer: Litigation Daily | May 1, 2012

A roller-coaster asbestos case that led to a record-breaking $322 million verdict for a single plaintiff last year has now produced a complete defense win. We suspect the defense lawyers will be talking about how they pulled this one off for decades to come.

Tags: Asbestos, Mississippi

OPINION: Asbestos trusts need transparency to end fraud

Business Insurance | May 1, 2012

THE SYSTEM of asbestos bankruptcy trusts created by Congress nearly 20 years ago was designed to make sure people injured by exposure to asbestos could be compensated.

Tags: Asbestos