Madison County Defense Attorney: Judges Should Look For Asbestos Claims Fraud
From Legal Newsline
A recent ruling by a bankruptcy judge that exposed “double dipping” has an attorney in the nation’s asbestos litigation epicenter calling for more transparency between the two systems set up to compensate people sickened by asbestos.
“The real issue for me is whether the courts will require claimants to file trust forms before trial,” said Brian Huelsmann of HeplerBroom in Edwardsville, Ill. “What defendants are looking for is more transparency with trust filings.”
Huelsmann was reacting to a decision out of the Western District of North Carolina, in which U.S. District Judge George Hodges found a “startling pattern of misrepresentation” by plaintiffs’ attorneys in manipulating evidence of exposure as it pursued Garlock Sealing Technologies, first in court and then in bankruptcy proceedings.
Plaintiffs wanted to settle Garlock’s liability in bankruptcy for up to $1.3 billion; Garlock valued its liability at $125 million. Hodges found Garlock’s figure to be a reliable estimation.
Read more in our daily News Update...
From Legal Newsline
A recent ruling by a bankruptcy judge that exposed “double dipping” has an attorney in the nation’s asbestos litigation epicenter calling for more transparency between the two systems set up to compensate people sickened by asbestos.
“The real issue for me is whether the courts will require claimants to file trust forms before trial,” said Brian Huelsmann of HeplerBroom in Edwardsville, Ill. “What defendants are looking for is more transparency with trust filings.”
Huelsmann was reacting to a decision out of the Western District of North Carolina, in which U.S. District Judge George Hodges found a “startling pattern of misrepresentation” by plaintiffs’ attorneys in manipulating evidence of exposure as it pursued Garlock Sealing Technologies, first in court and then in bankruptcy proceedings.
Plaintiffs wanted to settle Garlock’s liability in bankruptcy for up to $1.3 billion; Garlock valued its liability at $125 million. Hodges found Garlock’s figure to be a reliable estimation.
Read more in our daily News Update...