Program Description: Nearly twenty years ago, Congress created a statutory framework for asbestos bankruptcy trusts to shield manufacturers from additional tort liability and provide a fund for new claims. Today, questions and criticism regarding the transparency surrounding claims and controversial duplicate payments have led to calls for reform; responses include the Furthering Asbestos Claim Transparency Act (FACT Act) as well as laws passed by the states of Wisconsin, Oklahoma, and Ohio. Moreover, recent developments in pending asbestos bankruptcy proceedings have raised similar concerns about the claims estimation process.
On April 25, 2014 the Law & Economics Center hosted a discussion of these transparency issues. Thank you for joining us.
Michael D. Green
Williams Distinguished Chair in Law, Wake Forest University School of Law
James L. Stengel
Partner, Orrick, Herrington & Sutcliffe, LLP
Douglas A. Campbell
Member and Co-Founder, Campbell & Levine, LLC
For More Information, Contact: Congressional Civil Justice Caucus Academy