Today, the Mississippi legislature passed an asbestos trust transparency measure, H.B. 1426. Governor Phil Bryant is expected to sign the bill into law quickly. Mississippi will be the third state this year to enact needed asbestos reforms, following South Dakota and Iowa, joining a growing chorus of states taking action to combat fraud in the asbestos compensation system.
Manipulating and concealing evidence of exposure in trust filings is fraud, yet this behavior is rampant in state courts throughout the country. Like other states’ trust transparency measures, the Mississippi law will require asbestos plaintiffs to file and disclose trust claims prior to trial.
Mississippi’s strong asbestos litigation reform law combats plaintiffs’ lawyers’ systematic abuse of the $30 billion asbestos trust system, and we applaud the state legislature, specifically House Speaker Philip Gunn and Lt. Governor Tate Reeves, for prioritizing this legislation.
H.B. 1426 is now with Gov. Phil Bryant and we encourage him to pass this legislation swiftly.