Penn National Can’t Avoid Asbestos Coverage Payout, SC Supreme Court Says July 26, 2024 By Insurance Journal Staff Reports Pennsylvania National Mutual Casualty Insurance Co. cannot escape the long tail of asbestos, and must cover part of the litigation...
Koch Industries Gets $2.5B in Dividends From Unit That Offloaded Asbestos Liability January 26, 2023 By Dan Levine and Mike Spector Industrial conglomerate Koch Industries received nearly $2.5 billion in dividend payments last year from its Georgia-Pacific unit, which had spun...
How a Bankruptcy ‘Innovation’ Halted Thousands of Lawsuits from Sick Plaintiffs June 24, 2022 By Dan Levine and Mike Spector Attorney Greg Gordon sat before a packed hotel ballroom of bankruptcy lawyers who had come to hear him hold court...
Asbestos Trial to Start With Social Distancing in Conference Center, Not Courthouse July 23, 2020 By Jef Feeley A West Virginia judge urged parties in dozens of asbestos lawsuits to reach a settlement and avoid the “dreadful experience”...
Former New Jersey Lawyer Gets 2 Years for Falsifying Asbestos Suits May 9, 2016 A former New Jersey lawyer has been sentenced to serve two years in federal prison after admitting he fraudulently added...
Ohio Court Seeks Heirs in $2M Asbestos Claim Payout April 27, 2016 A northeast Ohio court is trying to track down for heirs to hundreds of rubber workers who died or became...
BASF Case Shows How Liabilities May Emerge Long After Acquisition September 8, 2015 By David Voreacos and Jef Feeley When BASF SE acquired Engelhard Corp. nine years ago for $5 billion, executives unknowingly inherited a ticking legal time bomb....
Law Firms Accused of Fraud in Asbestos Litigation January 21, 2015 By Tom Hals U.S. personal injury lawyers allegedly concealed evidence and induced clients to commit perjury to drive up asbestos-related settlements and garner...
Garlock Ruling Could Shift Asbestos Litigation in Manufacturers’ Favor February 12, 2014 By Tom Hals A judge who found what he called a “startling pattern” of abuse by plaintiffs’ lawyers may have shifted the landscape...
Insurers’ Annual Incurred A&E Losses Rose 12% in 2012: A.M. Best November 6, 2013 While generally not a material drag on the U.S. property/casualty industry’s earnings, industry losses from asbestos and environmental (A&E) claims...