Called asbestos Litigation Reform Act-asbestos asbestos cases kombinsationbrobosal quick settlements and Unclogs kortswashington, d.c.-United States Chamber of Commerce today the House Judiciary Committee "fairness in asbestos Compensation Act" (H.R. 1283) was an important step towards solving the billions of dollars in compensation claims.
Asbestos Litigation Reform Bill aims to speed settlements and activate the courts restore some predictability to the affected companies. The proposal establishes federal authority to speed compensation to hundreds of thousands of people physically harm from asbestos.
Thomas j Donohue, President and ceo of United States Chamber "without asbestos reform litigation, and the courts will continue to bind with false allegations, while people who already suffered exposure to asbestos wait years for compensation that consumes the fees and transaction costs, etc.
"At the same time, many of the respondent companies are driven to bankruptcy, as it detailed and pay billions of dollars in settlements for trial lawyers instead of legitimate claimants," he added.
Lawyers take a huge share of $ Ð settlement up to 60 cents on the dollar, according to Donohue. "Even more alarming, if left unchecked by trial lawyers will be able to use plaintiff asbestos cases bar tactics to target other industries. We commend Chairman Hyde concluded strong leadership in this complex but important issue.
United States Hall is the largest business Federation in the world, representing more than 3 million businesses and organizations of every size, sector and region.
Asbestos litigation leads to bankruptcy of multinational corporations that seek to protect from lawsuits that will soon be $ 100 billion dollars worldwide.
These press releases were distributed commenting on companies responsible Government on legal reforms to end or stop payments, as well as claimants and law firms advertise settlements for their clients.
Mesothelioma a rare form of cancer. It affects the lining of the cavities around the lungs, stomach and heart. It is caused by inhaling asbestos fibers, but cancer usually don't appear until 10 to 40 years after someone first asbestos inhalation.
Is the prohibition of the use and manufacture of certain types of asbestos in 1974. The reconstruction and renovation of old buildings containing asbestos insulation now tightly regulated to protect workers from asbestos-related diseases.
