Asbestos Attys Face Off At Hearing Over Claims Transparency

Law360, New York (February 4, 2015, 10:08 PM EST) -- A K&L Gates LLP partner told House lawmakers Wednesday that his experience defending Crane Co. and others shows the Republican-backed measure to increase transparency in asbestos bankruptcy trust claims is warranted, while a Caplin & Drysdale Chtd. plaintiffs expert sided with House Democrats' denouncing the bill as a defense-side intimidation tactic to limit liability.

K&L Gates partner Nicholas Vari testified in favor of the recently revived asbestos transparency bill to a House panel considering the measure, arguing that its requirement for more disclosure from asbestos trust claimants about their exposure histories will prevent unjust recoveries from solvent defendants in the tort...

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