Asbestos Bankruptcy Trust Claims: S.B. 138 (2017)
Establishes guidelines for asbestos litigation. The plaintiff must provide the
Establishes guidelines for asbestos litigation. The plaintiff must provide the court and parties with a sworn statement signed by the plaintiff and the plaintiff’s counsel indicating that all asbestos trust claims that can be made have been filed, provide all parties with any trust claims material, and if the plaintiff’s claim is based on exposure to asbestos through any other person, the plaintiff must produce all trust claims materials submitted by the other person. A defendant may file for a stay of the proceedings if there is information that could support additional trust claims by the plaintiff. The motion must identify any asbestos trust claim the defendant believes the plaintiff can file and include any information supporting the asbestos trust claim. If the court determines there is sufficient basis for the plaintiff to file an asbestos trust claim, the court shall stay the asbestos action until the plaintiff files the asbestos trust claim and produces related trust claims material.
ATRA Reiterates Support for Chapter 11 Bankruptcy Use to Address Mass Tort Litigation, Urges Meaningful Dialogue Amid Senate Judiciary Committee Hearing
The lack of oversight and transparency around third-party litigation funding threatens the integrity of our legal system
Together, let’s forge a legal landscape that makes equitable access to justice a living reality for all Georgians.
This is an opportunity to reassess the practices and regulations surrounding private-attorney contracting and to enact reforms that promote fairness, transparency and value for taxpayer dollars.
Allowing the company to continue the bankruptcy process will help ensure equitable and efficient resolution in complex mass tort claims