Wall Street Journal: Sheldon Silver Charges Highlight Allure of Asbestos Cases

magnify asbestosIn the wake of Speaker Silver’s arrest, the press is connecting his potential links to asbestos cases.  LRANY Executive Director comments in this article.

An excerpt:

“Tom Stebbins, the executive director of the Lawsuit Reform Alliance of New York, an Albany-based group that thinks businesses and others face too much litigation, said the relative shortage of potential plaintiffs, coupled with the high-dollar stakes, has led to “extremely aggressive behavior on the part of plaintiffs’ lawyers trying to land very lucrative clients.”

Companies with ties to asbestos production have put aside more than $30 billion for mesothelioma victims dating to the 1980s, according to a 2011 report from the U.S. Government Accountability Office, completed at the request of Congress. The report also concluded that nearly 100 companies were forced into bankruptcy because of asbestos liability.”

Read Full Article

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *