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No Double Dipping

Some $30 billion in trust funds will start being distributed to asbestos victims over the next 18 months--a staggering windfall that could be tempting in the wrong hands.

Daniel Fisher, 10.17.06, 12:00 PM ET

Owens-Illinois has asked an Ohio court overseeing thousands of asbestos lawsuits to require plaintiffs to disclose how much they've gotten from trusts established by bankrupt asbestos manufacturers. The goal is to prevent double-dipping by claimants and their attorneys.

Some $30 billion in trust funds will start being distributed to asbestos victims over the next 18 months--a staggering windfall that could be tempting in the wrong hands. So Owens-Illinois (nyse: OI - news - people ), which quit making asbestos insulation in 1958 but still faces thousands of lawsuits, has asked the Cuyahoga County Court of Common Pleas in Cleveland to halt trials against solvent companies, including Owens-Illinois, until plaintiffs have resolved their claims against the trusts.

If the court doesn't do that, the company warns that lawyers could "game the system" by hiding or delaying their filings with bankruptcy trusts so courts won't offset any judgments by the amount they recovered elsewhere. According to a 2002 Rand Institute study, the typical asbestos claimant sues 60 to 70 defendants, including both solvent and bankrupt companies...(Read More)




Woman settles asbestos claim

Bodkin filed suit in Fulton County State Court in 2005 against several companies that made roofing, siding, joint compounds and insulation products used by her father and brother, who had a small home-building business in Mississippi.

Tue Oct 17, 2:50 PM ET

ATLANTA - A Mississippi woman who said she developed cancer after years of washing clothes covered with asbestos dust has won a settlement from four companies that she blamed for her illness.

Asbestos exposure suits of that nature are unusual, lawyers said.

"It's more common to see asbestos claims from the person who works hands-on with it at work," said Atlanta attorney David Marshall, who represented one of the defendants...(Read More)


 


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Copyright 2006 Mesothelioma-Health.org
All attorney listings are a paid attorney advertisement, and do not in any way constitute a referral
or endorsement by an approved or authorized lawyer referral service.