Asbestos Bankruptcy Trust Transparency Act – H.B. 1426
Creates a substantive right for defendants to obtain bankruptcy trust
Creates a substantive right for defendants to obtain bankruptcy trust discovery. The plaintiff must provide the court and parties with a sworn statement indicating that all asbestos trust claims that can be made by the plaintiff have been filed. A defendant may file a motion requesting a stay of the proceedings that identifies the asbestos trust claims the defendant believes the plaintiff can file and include information supporting the asbestos trust claims. If the court determines that there is a sufficient basis for the plaintiff to file an asbestos trust claim identified in the motion to stay, the court shall stay the asbestos action until the plaintiff files the asbestos trust claim and produces all related trust claims materials.
ATRA President Tiger Joyce writes how companies that end arbitration face the risk of consumer class actions, in the face of plaintiffs firms ramping up mass arbitration proceedings.
We are saddened to hear of former Missouri state Senator Ed Emery’s untimely death. Senator Emery was not only a champion of tort reform, but a pillar in his community. […]
The New York trial bar may get yet another gift from the state lawmakers seemingly tied around their finger.
Lawsuit abuse across the U.S. results in more than $160 billion in excessive tort costs
Financial benefit of reforming Missouri’s tort system could support an additional 20k+ jobs & $3.38B in increased economic activity
$7 million spent in Quarter 1 of 2021 to air nearly 61,000 local legal services TV ads in Illinois