The Week Ahead: Asbestos

By June 5, 2006General

This week the long march for a solution to the ever-growing asbestos crisis continues. Contrary to popular belief, this battle is not about whether asbestos is harmful or not. It’s about how people who have been harmed by exposure to asbestos will be compensated. That’s a doozy of a question in this town as you might imagine. Any time the trial bar sees the potential for a product line drying up, they go crazy.

We will continue to press for a solution and will continue to press to keep the process moving forward. As it is now, well over half the money awarded in asbestos cases goes to “transaction costs”, with most of that going to the trial lawyers. We think the money ought to go to sick people first. Raise your hand if you disagree….

For those of you just tuning in, here’s a link to our post from yesterday talking about an op-ed from the Journal laying out some of the unbelievable — even by trial bar standards — fraud going on in asbestos cases.

Click here to urge your Senators to keep the process moving forward on asbestos.