BASF Beats Suit Alleging Fraud In Asbestos Injury Defense

Law360, New York (December 12, 2012, 9:30 PM EST) -- A New Jersey federal judge on Wednesday dismissed a putative class action accusing BASF Catalysts LLC and its counsel Cahill Gordon & Reindel LLP of scuttling thousands of asbestos injury suits by concealing and destroying evidence revealing that the company's talc products contained the carcinogen.

The suit sought declaratory and injunction relief enabling potentially thousands of individuals to refile their asbestos claims against BASF in courts across the country. But U.S. District Judge Stanley R. Chesler said Wednesday that he “simply lacks authority” to grant such...
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