LegalNewsLine Logo  
Wednesday, February 22 2012 Twitter  feedburner  yahoo  Subscribe in NewsGator Online
News | Contact LegalNewsline | About Us | Advertise | RSS
Enter search keyword
 
clear
clear
NEWSLETTER
Receive our FREE weekly newsletter
click here
Today's Offers:

LNL MOST POPULAR ARTICLES
+ Vt. AG files appeal in power plant case
+ School bus driver sends union to school
+ Oglala Sioux tribe sues big beer companies
+ U.S. SC blocks Mont. SC's decision on campaign spending
+ Va. AG worried scams resulting from $25B settlement
LNL HOT TOPICS
+ Asbestos
+ Big Pharma
+ BP Oil Spill
+ Class Action
+ Dickie Scruggs
+ Federal Government
+ Financial Crisis
+ Global Warming
+ Hurricane Katrina
+ Lead Paint
+ Sub-Prime Mortgages
+ Tobacco
Asbestos 
story date  
Ohio House passes bill targeting asbestos trusts
blessing.jpg
Blessing
COLUMBUS, Ohio (Legal Newsline) - A bill that would require plaintiffs in asbestos lawsuits to disclose the claims they've made for recovery to bankruptcy trusts passed the Ohio House of Representatives Wednesday.

House Bill 380, sponsored by a group of Republicans, passed with a 55-41 vote.

Bankruptcy trusts were set up by companies that were frequently involved in asbestos litigation to pay out claimants in a system independent of the civil courts system, where victims of asbestos exposure file lawsuits against still-solvent defendants.

"(A) claimant, under penalty of perjury, identifying all existing asbestos trust claims made by or on behalf of the claimant and all trust claims material pertaining to each identified asbestos trust claim," the bill says.

"The sworn statement shall disclose the date on which each asbestos trust claim against the relevant asbestos trust was made and whether any request for a deferral, delay, suspension or tolling of the asbestos trust claims process has been submitted."

The two sides of asbestos litigation have argued over whether information from trust claims should be supplied to defendants.

One of the bill's sponsors, Rep. Lou Blessing, told the Columbus Dispatch that "openness in legal proceedings is good and helps ensure that justice is fairly administered."

Friday, plaintiffs attorney Nathan Finch of Motley Rice said Jan. 20 at a discussion of bankruptcy trusts that any reform to the system is unnecessary. The event was put on in Washington, D.C., by the Congressional Civil Justice Caucus Academy.

"The whole idea that there is fraud and abuse because of a lack of transparency is not supported by facts," Finch said.

Also at the discussion was defense attorney James Stengel.

"The critical information is what the plaintiffs are saying about their asbestos exposure," he said.

That information, Stengel argues, could help determine which companies bear the responsibility of paying the claimant. A plaintiff could omit any asbestos exposure resolved by the trust system in his or her lawsuit, making it seem the defendants are at fault for all injuries, Stengel feels.

If the information of other exposure were provided to defendants, they could argue that they aren't wholly responsible. He called the trust system "parallel but distant."

"It may mean that the wrong people are paying," Stengel said.

From Legal Newsline: Reach John O'Brien by e-mail at jobrienwv@gmail.com.

Filed Under: Hot Topics

E-mail this article to a friend | Printer friendly format

MORE NEWS HEADLINES:
+ Owner renting websites to asbestos firms - 2/7   read more
+ Md. company proposes $19.5 million asbestos settlement - 2/2   read more
+ Ill. court will hear $17.8M asbestos appeal - 1/30   read more
+ Ohio House passes bill targeting asbestos trusts - 1/27   read more
+ Judge tells asbestos firm to hand over documents in fraud case - 1/27   read more
+ Calif. SC asbestos decision wrong, Motley Rice attorney says - 1/26   read more
+ Business groups in favor of change to Philly courts - 1/24   read more
+ Secrecy of asbestos trusts the topic of policy debate - 1/21   read more
+ Arguments scheduled in attorneys' appeal of fraud ruling - 1/17   read more
+ Calif. SC rules against theory in asbestos lawsuit - 1/12   read more


IN THE SPOTLIGHT:
garrett.jpg
Wednesday, February 08, 2012
PHILADELPHIA (Legal Newsline) - A roundtable of federal and state judges from across the country will convene at the posh Ritz Carlton on Feb. 9 to address topics such as "Can MDL's keep up with state court trial settings;" "Priority of deposition examination;" "State and federal cooperation;" and "Forum non conveniens."
Read more...


+ Study shows plaintiff bias in Philly courts - 2/6
+ Fannie Mae offers examples of routine dishonesty in its fight against lenders - 2/3
+ Madison County asbestos litigation has billion-dollar impact - 2/3
+ Quaker City courts have troubled history; some reject 'plaintiff-friendly' criticism - 1/31
+ Madison County asbestos docket feeds off intake firm referrals - 1/19
BROWSE BY STATE:
 
BROWSE BY AG:
 
BROWSE BY DATE:
 
NEWS WIDGET:
Attention bloggers:
Add Record Headlines to your site!


fast + free- click here
NEWS | CONTACT LEGALNEWSLINE | ABOUT US | ADVERTISE | RSS © 2008 LegalNewsLine.com. All Rights Reserved.