Asbestos Claims Bill Would Ax Fraud, Not Privacy, Attys Say

Law360, New York (November 13, 2013, 7:52 PM EST) -- The benefits for future claimants seeking compensation from asbestos bankruptcy trusts provided under a bill the U.S. House of Representatives greenlighted Wednesday would outweigh the potential privacy issues opponents say come with it, attorneys say.

The Furthering Asbestos Claim Transparency Act, H.R. 982, was approved 221-199. If enacted, it would require asbestos trusts set up under Section 524(g) of the U.S. Bankruptcy Code for insolvent companies that have been hammered with personal injury and wrongful death claims to disclose information on the individuals who file the...
To view the full article, register now.