Asbestos Liability Reform- Successor Liability: H.B. 4 (2003)
Provided that if a company with liability for mining or
Provided that if a company with liability for mining or sale of asbestos-containing products was merged or acquired by a successor prior to May 13, 1968, the limit of the successor company’s liability for asbestos claims as a result ofthe acquisition is limited to the FMV of the acquired company at the time of acquisition. The limitation applies to “successors of successors,” based on the FMV of the initially acquired company at the time of the initial acquisition.
Latest News
View all news
In War On Arbitration, Consumers And Companies Both Lose
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.
Statement on the Passing of Former Missouri State Senator Ed Emery
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. […]
New Law Could Mean Trial Lawyers Peeping Your Taxes — Then Suing You
The New York trial bar may get yet another gift from the state lawmakers seemingly tied around their finger.
Class Action Settlements Serve Lawyers Over Class Members
Lawsuit abuse across the U.S. results in more than $160 billion in excessive tort costs
Covid Liability Protections Signed Into Law in Missouri
Financial benefit of reforming Missouri’s tort system could support an additional 20k+ jobs & $3.38B in increased economic activity
Illinois Trial Lawyers Spend $155 Million on TV Ads in Last Five Years
$7 million spent in Quarter 1 of 2021 to air nearly 61,000 local legal services TV ads in Illinois