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Asbestos Transparency Laws Can Stop Double Recovery

July 2018 - Law360
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Individuals with asbestos-related injuries have recovered more than $50 billion from lawsuits in the past few decades. Asbestos liabilities have caused more than 100 domestic companies to file for Chapter 11 bankruptcy. In 1994, in response to the number of companies filing for bankruptcy, the United States Congress amended the bankruptcy code to establish a trust-based system for future claimants with an asbestos injury.

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