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« Rebating suit filed against Hartford Financial Services. | Main | The coming Asbestos settlement opportunity. »
Saturday
05Nov2005

Since we are talking about Asbestos, check this out.

I've been watching from a distance, as I am not in nor have I ever done, asbestos litigation and settlements. However, the coming Asbestos Super fund has certainly got my interest as it appears on it's face to open the process up outside of a few major asbestos firms and create a more comprehensive mechanism for resolving the claims.

So, I've been compling and reading a lot about the asbestos and silicosis cases that are coming under increasing scrutiny by Federal judges, bankruptcy courts, appeals courts and US attorneys. I don't know a thing about the author of this piece, but it does lay out a very anti-trial lawyer argument directly implying fraud in the filing of these cases and their diagnosis.

Lets face it, anyone in the legal, claims or settlement community has known the asbestos litigation and settlement process it invloves is run and controlled by a unique strata of trial lawyers. Even among other trial lawyer groups the asbestos guys are viewed as a world apart in the way they have created what amounts to a litigation business as opposed to the singular case by case practice of law. I'm hopeful the allegations raised by this commentator and others aren't true, but lets face it, money corrupts and big money really corrupts. This is going to be interesting to watch.

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