An expert witness testifying on behalf of Garlock Sealing Technologies, a maker of gaskets and seals, says the company has already paid at least $1.3 billion in damages to asbestos claimants. The company is telling a bankruptcy court that its remaining liability amounts to a mere $125 million, but lawyers for claimants say that’s a pipe dream and that the actual figure is ten times that or more. The case offers a window into some economic dimensions of asbestos litigation. [Charlotte Observer, Chamber-backed Legal NewsLine] A judge has declined to allow reporters access to some of the proceedings, including portions of testimony by Cardozo professor Lester Brickman outlining the role of what he says is pervasive fraud and double-claiming in asbestos claims. [LNL]
“The Orioles’ team doctor, William H. Goldiner, tended to orange-clad ballplayers at the same time as he diagnosed thousands of blue-collar workers with asbestos-related illnesses whose cases were taken up by prominent lawyer and team owner Peter G. Angelos.” [Baltimore Sun, earlier]
It’s behind a paywall, but TortsProf has a few highlights. Some lawyers are battling to stave off transparency that could catch out counsel and clients who tell inconsistent stories from one case to the next in the course of squeezing maximum payouts from bankruptcy trusts set up to handle claims against asbestos defendants; the trusts themselves have extensive managerial ties to leading plaintiff’s-side firms.
P.S. And House hearings [Bloomberg News, Chamber-backed Legal NewsLine].
“In answers to interrogatories, [the mesothelioma-diagnosed] plaintiff identified Colgate’s Cashmere Bouquet talcum powder as the sole source of her asbestos exposure.” [Ron Miller]
An MDL judge says no-go to unimpaired plaintiffs [David Oliver] “Judge Tosses 1,600 Asbestos Cases, Rules Scarred Lungs Not an Injury” [Legal Intelligencer]