Forbes Business recently published a piece written by Legal Newsline reporter, Jessica Karmasek, focusing on the recent support for a piece of legislation calling for transparency in the asbestos trust system. LRANY Executive Director, Tom Stebbins, was quoted on the issue.
The Lawsuit Reform Alliance of New York, pointing to the kickback allegations against Silver, says the legislature is “rightfully interested” in overhauling New York’s asbestos courts.
“Asbestos was at the heart of New York’s recent corruption scandal involving former Assembly Speaker Sheldon Silver,” said Tom Stebbins, LRANY’s executive director. “The intricate kickback scheme uncovered by the U.S. Attorney illustrates the need for comprehensive asbestos litigation reform in New York.
“This bill, which has growing bipartisan support in both houses, would open claims up to transparency to root out fraud and misrepresentation in the system. The measure will protect both future funds for the injured and solvent businesses from becoming the next target of this dangerous double dipping strategy.”