Jillian E. Madison

All articles by Jillian E. Madison

 

Asbestos Trust Transparency Update

Asbestos litigation has been consistently active throughout the United States since the first asbestos lawsuit was filed in the 1970s. As the population of asbestos plaintiffs has grown over the last 40 years, so have the funds paid by various asbestos defendants. This growing financial burden has caused numerous asbestos defendants to file for bankruptcy. In doing so, the insolvent defendants are required to create asbestos trust funds for the protection of future asbestos plaintiffs. To date, there are over 50 active asbestos bankruptcy trusts…