Asbestos Litigation Reform: H.B. 403 (2016)

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Enacts transparency requirements with respect to asbestos bankruptcy trust claims


Enacts transparency requirements with respect to asbestos bankruptcy trust claims in civil asbestos actions by requiring the plaintiff to provide specified information to the court and the parties, and allows the defendant to move the court requesting a stay of the proceedings if the defendant has information that could support additional trust claims by the plaintiff.  Provides parties with all trust claims materials after commencement of an asbestos-related lawsuit.

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