Pushback Against Asbestos Bankruptcy Trust Abuse May Grow

Law360, New York (June 5, 2014, 11:58 AM EDT) -- Almost two decades ago, the U.S. Supreme Court in deciding Amchem Products Inc. v. Windsor described asbestos litigation in this "country as a crisis." Little has changed since the high court's pronouncement; in fact, the past two decades have been infected by the proliferation of asbestos bankruptcy trusts and resultant manipulation of those trusts....

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