40 billion reasons why asbestos litigation will grow 
19 February 2010
| Etiketler: Asbestos Bankruptcy, Asbestos Litigation, Attorneys, Billion Dollars, Charles Bates, Decline, Dr Charles, Environment, Information Obtained From, Insurance, Liquid Assets, Madison County, Mullin, Personal Bankruptcy, Personal Injury, Trust Funds
Forty billion dollars of designated funds currently available in court-established trust funds is providing abundant incentive to already rich attorneys with asbestos-settling know-how.
That could help explain why Madison County’s asbestos docket is surging after some years of decline.
Dr. Charles Bates and Dr. Charles Mullin, in their report “State of the Asbestos Litigation Environment-October 2008,” surveyed information obtained from roughly 40 asbestos personal injury bankruptcy trusts. The authors state the trusts have a combined value of $33 to $40 billion in liquid assets, not including insurance.
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