The U.S. Chamber of Commerce released a study on Friday that found inconsistencies in claims made to the asbestos trusts used to compensate people harmed from exposure to asbestos, The Hill reported today. The chamber’s Institute for Legal Reform (ILR) said that it analyzed information from 100 randomly selected personal information questionnaires submitted by asbestos plaintiffs in the bankruptcy proceedings of Garlock Sealing Technologies, Inc. and found that 69 percent of victims making claims failed to list every place they’ve been employed, making it impossible for the trusts to verify job site information. The chamber’s study also found that 15 percent of claimants failed to list the specific products from which they were allegedly exposed; 55 percent had date discrepancies and 21 percent of claims contained other troubling inconsistencies, such as differing medical diagnoses, conflicting job descriptions and implausible exposure allegations. Read more.
To read more about litigation or liquidation trusts in bankruptcy, be sure to pick up a copy of ABI’s A Practitioner's Guide to Liquidation and Litigation Trusts.
