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U.S. Bankruptcy Court Approves $500 Million St Paul Travelers Asbestos-Related Settlement
National News • August 18, 2004
The U.S. Bankruptcy Court for the Southern District of New York has issued an order granting approval of a $500 million settlement of almost all Johns Manville Corp. asbestos-related suits pending ...
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| Subject | Posted By | Posted On |
|---|---|---|
| abestos | Donald Gehrls | Jun 2, 2008, 5:01 pm |
| money left? | lenny | Mar 13, 2005, 11:30 am |
| RE: RE: Asbestos Settlement | LORI ADCOCK | Dec 26, 2004, 6:52 pm |
| RE: Asbestos Settlement | Barrie | Aug 21, 2004, 6:37 am |
| RE: RE: RE: RE: RE: RE: Asbestos Settlement | david | Aug 20, 2004, 6:50 pm |
| RE: RE: RE: RE: RE: Asbestos Settlement | Matt | Aug 20, 2004, 6:13 pm |
| RE: RE: RE: RE: Asbestos Settlement | david | Aug 20, 2004, 1:42 pm |
| RE: RE: RE: Asbestos Settlement | j | Aug 20, 2004, 1:06 pm |
| RE: RE: Asbestos Settlement | david | Aug 19, 2004, 4:44 pm |
| RE: Asbestos Settlement | Matt | Aug 19, 2004, 4:35 pm |
| Asbestos Settlement | Kevin | Aug 19, 2004, 1:05 pm |
| RE: RE: RE: RE: RE: RE: Asbestos Settlement | Matt | Aug 19, 2004, 1:17 am |
| RE: RE: RE: RE: RE: Asbestos Settlement | david | Aug 18, 2004, 7:39 pm |
| RE: RE: RE: RE: Asbestos Settlement | Matt | Aug 18, 2004, 6:46 pm |
| RE: RE: RE: Asbestos Settlement | david | Aug 18, 2004, 3:14 pm |
| RE: RE: Asbestos Settlement | david | Aug 18, 2004, 3:13 pm |
| I bet the claimants feel vindicated... | Jay | Aug 18, 2004, 2:46 pm |
| RE: Asbestos Settlement | KevinT | Aug 18, 2004, 2:22 pm |
| Asbestos Settlement | Kevin | Aug 18, 2004, 12:17 pm |
| Back to article | ||
Subject: Asbestos Settlement
What has been accomplished? A manufacturer has been forced into bankruptcy and now an insurance company will take a huge hit, all so that someone who might get sick can get a very small sum of money. How many jobs were lost along the way?
Read "The King of Torts" by Grisham for an interesting insight into the class action lottery.
Note also that these claimants give up all future claims against Johns-Manville and Travelers. How far is the $741.67 going to go when they get really sick?
We are way past the time to make changes to our legal system. Remember, this is how Edwards made his money - do you want someone like this as second in command in the Executive branch?