Asbestos Firm, Insurers Reach Deal In Payback Suit

Law360 (October 5, 2018, 5:19 PM EDT) -- National asbestos law firm Shrader & Associates LLP and three health insurers have reached a deal in a suit claiming the firm failed to pay the companies money out of its clients' asbestos settlement funds, a Texas federal judge has said.

U.S. District Judge George C. Hanks Jr. said on Friday that a settlement has been reached between the firm and Humana Inc., United Healthcare Services Inc. and Aetna Inc., but no further details of the deal were publicly available as of Friday afternoon.

In the conditional dismissal order, Judge Hanks tossed the case without prejudice "unless any party represents in...

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