Friable Thoughts

Sunday, August 27, 2006

Asbestos Bankruptcy Trusts

This story on how plaintiff's lawyers are filing claims with asbestos bankruptcy trusts shouldn't come as a big surprise to many defense lawyers. With the settlement amounts confidential and claims records hard to get, who wouldn't have expected plaintiff's lawyers to make exposure claims that were inconsistent with claims they would make in litigation against non-bankrupt defendants? Now, however, with some information subject to discovery, perhaps they'll be less double dipping though you'd have to be very naive to think it would stop completely.