Gori Julian & Associates, P.C.
Get Your FREE Case Review 24 Hours A Day
888-362-6890
More than $3 Billion Recovered For Our Clients

Legislation protecting asbestos offenders moving through Congress

In February, we wrote that asbestos offenders are going on the offensive by proposing a bill called the Furthering Asbestos Claim Transparency Act, or FACT. The name of the bill would suggest that companies who have exposed workers to harmful asbestos would be required to disclose that information and to help former workers seek medical attention. There are about 12,000 deaths each year in the United States from asbestos-related diseases, including mesothelioma.

But the name of the bill is misleading, and probably intentionally so. In reality, FACT seeks to add legal and procedural hurdles that will likely make it more difficult for asbestos victims to pursue legitimate claims and compensation. And it's all happening under the guise of rooting out fraud, which has not been shown to be a significant issue, if it's an issue at all.

Since 1994, the bankruptcy code has allowed former asbestos manufacturers and their insurers to establish bankruptcy trusts. There are currently about 60 asbestos trusts with close to $40 billion in assets; funds which are set aside to compensate asbestos victims and their families.

The FACT Act seeks to force asbestos trusts to file quarterly public reports listing information on "demands for payments and the basis for payments made." Opponents of the bill have said that this requirement would violate the privacy rights of asbestos victims in addition to making it more difficult to pursue claims.

Lobbyists pushing for the bill have said that the FACT Act is meant to prevent fraud and "double dipping." They have created a narrative in which opportunistic individuals present unsubstantiated claims or try to file claims with numerous trusts in attempts to get more money.

In general, Americans should be wary of nearly any legislation that claims to protect against "fraud" and "frivolous lawsuits" or that protects companies by placing more obstacles in the way of average citizens seeking legal justice. Unfortunately, the FACT Act is currently working its way through the House of Representatives and seems to have support. We must hope that a majority of legislators will see this bill for what it is: Legislation created by lobbyists to unfairly protect companies and insurers from liability.

Source: The Hill, "Bill to protect trusts for asbestos victims advances in House," Lydia Wheeler, May 14, 2015

No Comments

Leave a comment
Comment Information

Why Choose Gori Julian?

  1. Experience

    With over 100 years of combined legal experience, we guide our clients through the litigation process by addressing questions and concerns and about the outcome every step of the way. Read More

  2. Results

    The team at Gori Julian fights hard for clients, working to get the compensation and the settlement they deserve, obtaining over $3 billion in verdicts and settlements for our clients. Read More

  3. Team Approach

    We are more than just experienced attorneys: our team is also made up of highly trained paralegals and professionals specially trained to deal with the demands of these complex cases. Read More

  4. Faster Trial Dates

    We know that obtaining funds in a timely manner will help cover medical expenses. Gori Julian works quickly to recover funds and secure the earliest possible trial dates on our client's behalf. Read More

Watch Our Video

Watch More In Our Video Center >

Recognition

Super Lawyers Million Dollar Advocates Forum American Association for Justice
ABA - Defending Liberty - Purusing Justice Illinois State Bar Association

Fill Out Our Form Today To Get A Free Case Review.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Get a Free Case Review Today

Gori Julian News

Gori Julian & Associates and Global Brew Raise More Than $20,000 at Recent Oktoberfest Event

Read More >

In The Community

Gori Julian & Associates and Global Brew Raise More Than $20,000 at Recent Oktoberfest Event

More Community & Events >

Read Our White Paper

A Continuing Threat: How Deadly Legacy Of Asbestos Haunts Navy Veterans Today >
${site.data.firmName}

Edwardsville Office
156 North Main Street
Edwardsville, IL 62025
Map & Directions

Washington, DC Office
20 F Street NW, 7th Floor
Washington, DC 20001
Map & Directions

New Orleans Office
909 Poydras Street, Suite 2195
New Orleans, LA 70112
Map & Directions

Los Angeles Office
3848 Carson Street, Suite 103
Torrance, CA 90503
Map & Directions

St. Louis Office
1133 Pine Street
St. Louis, MO 63101
Map & Directions

New York Office
360 Lexington Avenue, 20th Floor
New York, NY 10017
Map & Directions

Orlando Office
37 N. Orange Ave., Suite 201
Orlando, FL 32801
Map & Directions

Alton Office
500 E 6th Street
Alton, Illinois 62002
Map & Directions

Get Your FREE Case Review 24 Hours A Day 888-362-6890
Close X

Contact Us For A Free Case Assessment

Back To Top