More workers could be compensated for asbestos injuries from Johns-Manville products under an appeals court action.
In May 2006, the House of Lords ruled that compensation for asbestos injuries should be reduced where responsibility could not be attached to a single employer.
Just look at the social costs of the Johns Manville bankruptcy and the people going uncompensated for asbestos injuries.
Litigation related to asbestos injuries and property damages has been claimed to be the longest-running mass tort in U.S. history.
After asbestos injury claims unexpectedly nearly doubled in 2000, W. R. Grace & Company filed for bankruptcy protection in 2001.
Manufacturers, which are liable for asbestos injuries, and their insurers have offered to create the $140 billion trust fund to avoid further liability.
It will also be shielded from liabilities for the asbestos injuries.
And new suits claiming asbestos injuries were being filed at a rate of 400 a month.
It was created in 1991 by the JPML to manage all asbestos personal injury and wrongful death cases in the federal courts.
Manville, once the largest American manufacturer of asbestos, filed for Chapter 11 bankruptcy protection in August 1982 because of numerous lawsuits related to asbestos injuries.