Summary
WASHINGTON - Manufacturers and insurance companies would be shielded from multimillion-dollar lawsuits from people with asbestos- related diseases in exchange for funding a $140 billion trust fund under legislation that has cleared its first hurdle.
Supporters claim a fund like the one the Senate Judiciary Committee approved Thursday is the only way to stop large asbestos lawsuits that have bankrupted such companies as Owens-Corning Fiberglas and W.R Grace, and left sick people with no way to pay their medical bills.See the full content of this document
Extract
Bill Passed Creating Trust Fund for Asbestos Victims
The trust fund would compensate people sickened by exposure to asbestos, a fibrous mineral commonly used in construction until the mi...
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