Archive for the 'Trust Funds' Category

Controversial and debated, this selection of articles has to do with trust funds, large and small, set up to pay asbestos victims.

Trust Funds news feed.

Choosing a mesothelioma attorney

It’s likely at some point in your life you’ve seen a mesothelioma commercial. Attorneys attempt to reach victims of asbestos exposure through visuals, large text and repeating messages. The goal is to deliver the message quickly and effectively for retention. While occasionally mocked, law firms have a reason for such tactics. Once diagnosed, mesothelioma patients


Asbestos Bill Remains $20 Billion Corporate Bailout for Asbestos Companies That Knowingly Poisoned People: Minor Changes to Bill Make it Worse for Asbestos Victims

In response to the re-introduction of the asbestos bailout bill in the U.S. Senate, Ken Suggs, President of the Association of Trial Lawyers of America (ATLA), issued the following statement: “This is the same fundamentally flawed asbestos bailout bill that the Senate wisely blocked in February. Once again, this legislation fails to treat victims fairly


Asbestos Disease Awareness Organization Opposes S. 3274, the Fairness in Asbestos Injury Resolution Act of 2006; New “FAIR” Act Still Highly Unfair to Asbestos Victims

The Asbestos Disease Awareness Organization (ADAO), an organization dedicated to serving as the voice of asbestos victims, today voiced its opposition to S. 3274, introduced by Senate Committee Judiciary Chairman Arlen Specter and the Ranking Democrat Patrick Leahy. The newly introduced bill, much like its predecessor S. 852, is still highly unfair to asbestos victims.


Asbestos Victims, Families Would Still Be Left Out in the Cold; Revised Trust Fund Bill Represents Corporate Bailout for Victims

A revised bill that would replace the asbestos-litigation system with a multi-billion dollar government program still “leaves victims out in the cold,” and amounts to “giving large corporations a traffic ticket while taking away the citizen’s right to sue,” according to Susan Vento, chair of the national Committee to Protect Mesothelioma Victims (CPMV). “Clearly this


$5.2 Billion Asbestos Deal Reached by Owens Corning; Company Agrees to Pay Victims and Emerge from Bankruptcy

In what is likely the largest asbestos settlement in history, principles announced today a $5.2 billion dollar agreement to resolve current and future asbestos claims with Owens Corning and permit the world’s largest producer of insulation products to emerge from bankruptcy with no further obligations for asbestos liability. Terms of the agreement will require Owens


Mesothelioma Medical Experts Oppose Asbestos Trust Fund, Saying FAIR Act Hurts More than Helps

The Doctor-Patient Alliance for Responsible Asbestos Policy today repeated its call on the U.S. Senate to cure fatal flaws in the proposed Asbestos Trust Fund bill (SB 852). Last July, the nationwide group of 34 doctors who treat mesothelioma patients urged the U.S. Senate to remove the “one-size-fits-all” cap on awards and install a due


Asbestos Victims’ Groups Unite to Oppose Legislation; Multiple Groups Voice Opposition to S.852 in Open Letter to Congress

Today, leaders of the nation’s top asbestos victims’ organizations reiterated a number of their deepest concerns with the asbestos trust fund bill in an open letter to Congress. U.S. Majority Leader Frist plans to bring up the legislation on February 6, before the many priority issues addressed by the President in his State of the


Asbestos Disease Awareness Organization Issues Statement Regarding Senate Vote for Cloture on S. 852

The Asbestos Disease Awareness Organization (ADAO) today issued a response to yesterday’s Senate’s cloture vote on S. 852, the “Fairness in Asbestos Injury Resolution Act of 2005”, that the bill is anything but fair. The ADAO is hopeful that the ensuing Senate debate will fully uncover the inequities in the bill and help to highlight


Asbestos issue is coming to a head

By Ann McFeatters, Post-Gazette National Bureau. April 2, 2005 Summary After a two-week recess, Congress returns next week with asbestos legislation poised at a make-or-break point. As victims of asbestos-related illness such as malignant mesothelioma commemorate Asbestos Disease Awareness Week, Senator Arlen Specter, Chairman of the Senate Judiciary Committee, is still attempting to establish common


Hatch Files US Asbestos Bill, Wants Quick Action

By Susan Cornwell, Reuters Declaring the United States faced an asbestos litigation crisis, a key Republican senator introduced bipartisan legislation on Thursday to set up a $108 billion fund to compensate victims of exposure and said he wanted Congress to pass it within a month. The degree of support for the measure by Utah Republican


Trust fund is set up for asbestos victims

By Marylynne Pitz, Pittsburgh Post-Gazette The contentious seven-year bankruptcy of Pittsburgh-based H.K. Porter Co. ended yesterday when a federal judge approved the establishment of a $104 million trust fund. It will be applied toward $2 billion worth of claims from about 120,000 people who say they were harmed by asbestos exposure. “We’ve gone from zero


Last update: April 01, 2019. 03:30:08 pm.