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15 Nov 2013, 5:06 am by Jon Gelman
Budd and Kraus both sit on the boards of several of these trusts.The White House and the Office of Management and Budget did not respond to a request for comment.The trusts allow companies with significant liabilities to secure protection for future claims, but often have advisory committees made up of people from the same law firms that represent the asbestos clients.The Furthering Asbestos Claim Transparency (FACT) Act — backed by business… [read post]
15 Mar 2018, 11:22 am by Law Offices of Jeffrey S. Glassman
These trusts are established with the intention of preserving assets for future and current claimants, relying on projections of near- and long-term claim filing and payment rates in order to manage the flow of money. [read post]
15 Mar 2018, 11:22 am by Law Offices of Jeffrey S. Glassman
These trusts are established with the intention of preserving assets for future and current claimants, relying on projections of near- and long-term claim filing and payment rates in order to manage the flow of money. [read post]
1 Feb 2020, 5:29 am by Jon L. Gelman
While DBMP LLC pursues such a resolution through the bankruptcy process, all asbestos litigation will be stayed and all related costs suspended.The establishment of a trust to pay all current and future asbestos claims is consistent with the values of DBMP LLC, and before it, the former CertainTeed Corporation, which have responsibly managed their asbestos-related issues. [read post]
2 Feb 2017, 6:40 am
It is worthy of note that companies cannot manage the asbestos bankruptcy trust funds or decide the amount of money an asbestos victim should receive. [read post]
25 Oct 2017, 11:40 am
Asea Brown Boveri managed to settle almost 94,000 of the claims by 2004. [read post]
16 Dec 2017, 7:52 am
Asbestos removal procedures were not correctly implemented by the management of the company. [read post]
14 Apr 2010, 1:36 am by f4lblog-author-b3
Unfortunately, due to the complex balance between corporate wealth and the Government's maintenance of the public interest, personal injury claims pertaining to asbestos exposure are not always settled easily and the state compensation packages available do not adequately address the needs of asbestos exposure victims. [read post]
21 Mar 2016, 4:00 am by Jon Gelman
Once consummated, this agreement will bring to a close our history of managing asbestos claims, which began well before EnPro became an independent company 14 years ago, and it will allow us to proceed into a future unimpeded by the costs and distractions of managing asbestos lawsuits. [read post]
19 Mar 2024, 2:19 pm by Simmons Hanly Conroy
This type of asbestos is still imported to the U.S. today and is primarily used in the chemical manufacturing, oil extraction, and nuclear waste management industries. [read post]
1 Oct 2018, 9:05 pm by Walter Olson
For well over a decade it’s been apparent that the distinctive arrangements by which plaintiff’s lawyers acquire control of the bankrupt remains of defendant corporations they have sued, and then assert control over claims, disbursements, and general management, is fraught with both the potential and the reality of self-dealing and sometimes fraud, ranging from the charging of unnaturally high fees to the concealment of double- and triple-dipping by claimants. [read post]
7 Feb 2005, 1:04 pm
[corporate website] and seven of its high-ranking officials and managers knew as early as 1976 that a vermiculite mine operated by the company in Montana was releasing asbestos into the air and attempted to conceal the danger from workers and the surrounding community, which prosecutors claim led to more [read post]
11 Oct 2017, 1:37 pm by Asbestos Legal Center
Capritti, a former asbestos defense lawyer for a dozen companies, has been provided this information in the form of depositions, invoices and Corporate Interrogatories. [read post]
8 Nov 2017, 1:09 pm by Asbestos Legal Center
  Bob Capritti | Claims Manager   Verus LLC rcapritti@verusllc.com | 609.466.0427 ext. 1010 3967 Princeton Pike | Princeton, NJ 08540 | www.verusllc.com     CONFIDENTIALITY NOTICE: This e-mail and any attachments contain information from Verus Claims Services, LLC and are intended solely for the use of the named recipient or recipients. [read post]
9 Apr 2010, 8:38 pm by Jon L. Gelman
A Federal Judge, who is managing the Multi-District Asbestos Litigation, has ruled that the exclusivity doctrine defeats the application of the dual capacity doctrine where the manufacturer's corporation was merged into the employer's corporation. [read post]
18 Jan 2012, 4:10 am by Max Kennerly, Esq.
  There’s a myth, for example, that every time some sort of chemical exposure or defective product might be more dangerous than suspected, trial lawyers fabricate tens of thousands of fraudulent claims and then extract millions of dollars from poor, helpless corporations that somehow cannot defend themselves. [read post]
9 Aug 2016, 9:19 am by Gene Killian
  Honeywell is a large and sophisticated corporation with a knowledgeable risk management division. [read post]
11 Jun 2016, 4:04 am by Jon Gelman
  Read more about PPG:$3.5 Billion Pittsburg Corning Corporation Asbestos Trust Fund Is Now Operating April 27, 2016 6:45 AMAfter 16 years of bankrutcy, the $3.5 Billion asbestos trust of Pittsburg Cornning Corporation (PPG) opened for the business of paying asbestos victims and their families. [read post]
17 Nov 2017, 11:25 am
Other asbestos sites in Portsmouth are: Atlantic Corporation Eastern Oil and Rendering Company National Gypsum Plant New England Power Co. [read post]
22 Apr 2009, 7:28 pm
In Australian Securities and Investments Commission v Macdonald (No 11) [2009] NSWSC 287  the New South Wales Supreme Court has decided in favour of ASIC's civil claim that a number of statements in the Draft ASX Announcement by James Hardie to the effect that the Foundation would have sufficient funds to meet all legitimate Asbestos Claims, that it was fully funded and provided certainty for people with legitimate Asbestos Claims were… [read post]