Author: Lloyd Dixon
Publisher: RAND Corporation
ISBN: 9780833058348
Category : Law
Languages : en
Pages : 0
Book Description
Asbestos bankruptcy trusts play an important role in compensating asbestos injuries. This monograph examines how state tort laws address compensation paid by trusts and the evidence submitted in trust claim forms, how court proceedings take this evidence and compensation into account, and how the establishment of the trusts potentially affects compensation.
Asbestos Bankruptcy Trusts and Tort Compensation
Author: Lloyd Dixon
Publisher: RAND Corporation
ISBN: 9780833058348
Category : Law
Languages : en
Pages : 0
Book Description
Asbestos bankruptcy trusts play an important role in compensating asbestos injuries. This monograph examines how state tort laws address compensation paid by trusts and the evidence submitted in trust claim forms, how court proceedings take this evidence and compensation into account, and how the establishment of the trusts potentially affects compensation.
Publisher: RAND Corporation
ISBN: 9780833058348
Category : Law
Languages : en
Pages : 0
Book Description
Asbestos bankruptcy trusts play an important role in compensating asbestos injuries. This monograph examines how state tort laws address compensation paid by trusts and the evidence submitted in trust claim forms, how court proceedings take this evidence and compensation into account, and how the establishment of the trusts potentially affects compensation.
Asbestos Bankruptcy Trusts
Author: Lloyd S. Dixon
Publisher: RAND Corporation
ISBN:
Category : Law
Languages : en
Pages : 220
Book Description
This report describes the creation, organization, and operation of asbestos personal-injury trusts and compiles publicly available information on the assets, outlays, and governing boards of the 26 largest trusts. The authors find that the publicly available information provides a rich source of information on trust activity but that more detailed information is needed to determine their impact on important compensation outcomes.
Publisher: RAND Corporation
ISBN:
Category : Law
Languages : en
Pages : 220
Book Description
This report describes the creation, organization, and operation of asbestos personal-injury trusts and compiles publicly available information on the assets, outlays, and governing boards of the 26 largest trusts. The authors find that the publicly available information provides a rich source of information on trust activity but that more detailed information is needed to determine their impact on important compensation outcomes.
Asbestos Litigation
Author: Stephen J. Carroll
Publisher: Rand Corporation
ISBN: 0833040529
Category : Law
Languages : en
Pages : 207
Book Description
Asbestos litigation is the longest-running mass tort litigation in U.S. history. Through 2002, approximately 730,000 individuals have brought claims against some 8,400 business entities, and defendants and insurers have spent a total of $70 billion on litigation. Building on previous RAND briefings, the authors report on what happened to those who have claimed injury from asbestos, what happened to the defendants in those cases, and how lawyers and judges have managed the cases.
Publisher: Rand Corporation
ISBN: 0833040529
Category : Law
Languages : en
Pages : 207
Book Description
Asbestos litigation is the longest-running mass tort litigation in U.S. history. Through 2002, approximately 730,000 individuals have brought claims against some 8,400 business entities, and defendants and insurers have spent a total of $70 billion on litigation. Building on previous RAND briefings, the authors report on what happened to those who have claimed injury from asbestos, what happened to the defendants in those cases, and how lawyers and judges have managed the cases.
Bankruptcy's Effect on Product Identification in Asbestos Personal Injury Cases
Author: Lloyd S. Dixon
Publisher: Rand Corporation
ISBN:
Category : Law
Languages : en
Pages : 0
Book Description
"One of the most significant developments in asbestos litigation in the past 15 years is the rising rate of bankruptcy among asbestos defendants. More than 100 companies have filed for bankruptcy at least in part because of asbestos lawsuits. As a result, contemporary asbestos ligation now involves both tort suits against solvent defendants and claims for compensation filed with the specially created asbestos bankruptcy trusts. The outcome of an asbestos lawsuit crucially depends on whether litigants in the tort case introduce evidence of exposure to the products of bankrupt parties. If some of these exposures are not identified, more fault can be assigned to the remaining solvent defendants. These defendants are thus likely to end up paying more when such evidence is not developed than when it is. Plaintiffs might also receive more in compensation from the courts and trusts combined if fault is not allocated to the bankrupt parties. This analysis provides empirical evidence that bankruptcy reduces the likelihood that interrogatories and depositions will identify exposure to the asbestos-containing products of the bankrupt parties. It also presents plaintiff and defense perspectives on whether the findings are a cause for concern and what, if anything, should be done in response."--Back cover.
Publisher: Rand Corporation
ISBN:
Category : Law
Languages : en
Pages : 0
Book Description
"One of the most significant developments in asbestos litigation in the past 15 years is the rising rate of bankruptcy among asbestos defendants. More than 100 companies have filed for bankruptcy at least in part because of asbestos lawsuits. As a result, contemporary asbestos ligation now involves both tort suits against solvent defendants and claims for compensation filed with the specially created asbestos bankruptcy trusts. The outcome of an asbestos lawsuit crucially depends on whether litigants in the tort case introduce evidence of exposure to the products of bankrupt parties. If some of these exposures are not identified, more fault can be assigned to the remaining solvent defendants. These defendants are thus likely to end up paying more when such evidence is not developed than when it is. Plaintiffs might also receive more in compensation from the courts and trusts combined if fault is not allocated to the bankrupt parties. This analysis provides empirical evidence that bankruptcy reduces the likelihood that interrogatories and depositions will identify exposure to the asbestos-containing products of the bankrupt parties. It also presents plaintiff and defense perspectives on whether the findings are a cause for concern and what, if anything, should be done in response."--Back cover.
How Fraud and Abuse in the Asbestos Compensation System Affect Victims, Jobs, the Economy, and the Legal System
Author: United States. Congress. House. Committee on the Judiciary. Subcommittee on the Constitution
Publisher:
ISBN:
Category : Actions and defenses
Languages : en
Pages : 248
Book Description
Publisher:
ISBN:
Category : Actions and defenses
Languages : en
Pages : 248
Book Description
Asbestos Injury Compensation
Author: U.s. Government Accountability Office
Publisher:
ISBN: 9781974620012
Category :
Languages : en
Pages : 46
Book Description
"Asbestos litigation arose out of millions of Americans' lengthy occupational exposure to asbestos which is linked to malignant and nonmalignant diseases. To date, about 100 companies have declared bankruptcy at least partially due to asbestos-related liability. In accordance with Chapter 11 and � 524(g) of the federal bankruptcy code, a company may transfer its liabilities and certain assets to an asbestos personal injury trust, which is then responsible for compensating present and future claimants. Since 1988, 60 trusts have been established to pay claims with about $37 billion in total assets.GAO was asked to examine asbestos trusts set up pursuant to � 524(g). This report addresses: (1) How much asbestos trusts have paid in claims and how trusts are administered, (2) How trust claim and payment information is made available to outside parties, and (3) Stakeholder-plaintiff and defense attorneys, trust officials, and other interested parties-views on whether more trust and claimant information should be made available to outside parties and efforts to change the trust system and processes. GAO analyzed trust agreements for 44 of 60 trusts and trust distribution procedures for 52 of 60 trusts, as well as financial reports for 47 of 60 trusts for 2009 and 2010. GAO also interviewed U.S. Bankruptcy Court judges and the trustees, general counsels, or directors from 11 trusts..."
Publisher:
ISBN: 9781974620012
Category :
Languages : en
Pages : 46
Book Description
"Asbestos litigation arose out of millions of Americans' lengthy occupational exposure to asbestos which is linked to malignant and nonmalignant diseases. To date, about 100 companies have declared bankruptcy at least partially due to asbestos-related liability. In accordance with Chapter 11 and � 524(g) of the federal bankruptcy code, a company may transfer its liabilities and certain assets to an asbestos personal injury trust, which is then responsible for compensating present and future claimants. Since 1988, 60 trusts have been established to pay claims with about $37 billion in total assets.GAO was asked to examine asbestos trusts set up pursuant to � 524(g). This report addresses: (1) How much asbestos trusts have paid in claims and how trusts are administered, (2) How trust claim and payment information is made available to outside parties, and (3) Stakeholder-plaintiff and defense attorneys, trust officials, and other interested parties-views on whether more trust and claimant information should be made available to outside parties and efforts to change the trust system and processes. GAO analyzed trust agreements for 44 of 60 trusts and trust distribution procedures for 52 of 60 trusts, as well as financial reports for 47 of 60 trusts for 2009 and 2010. GAO also interviewed U.S. Bankruptcy Court judges and the trustees, general counsels, or directors from 11 trusts..."
Asbestos Litigation Costs and Compensation
Author: Stephen J. Carroll
Publisher: RAND Corporation
ISBN:
Category : Law
Languages : en
Pages : 112
Book Description
Examines the dimensions of current asestos litigation and the potential future effects of the litigation on the U.S. economy.
Publisher: RAND Corporation
ISBN:
Category : Law
Languages : en
Pages : 112
Book Description
Examines the dimensions of current asestos litigation and the potential future effects of the litigation on the U.S. economy.
Furthering Asbestos Claim Transparency (FACT) Act of 2015
Author: United States. Congress. House. Committee on the Judiciary. Subcommittee on Regulatory Reform, Commercial and Antitrust Law
Publisher:
ISBN:
Category : Actions and defenses
Languages : en
Pages : 248
Book Description
Publisher:
ISBN:
Category : Actions and defenses
Languages : en
Pages : 248
Book Description
Asbestos Litigation in the U.S.
Author: Deborah R. Hensler
Publisher:
ISBN:
Category : Products liability
Languages : en
Pages : 70
Book Description
Publisher:
ISBN:
Category : Products liability
Languages : en
Pages : 70
Book Description
S. 3274
Author: United States. Congress. Senate. Committee on the Judiciary
Publisher:
ISBN:
Category : Law
Languages : en
Pages : 130
Book Description
Publisher:
ISBN:
Category : Law
Languages : en
Pages : 130
Book Description