Asbestos/Successor Liability Reform: S 1163 (2006) - ATRA

Asbestos/Successor Liability Reform: S 1163 (2006)

| November 15, 2016

Limited successor asbestos-related liability to the fair market value or

Limited successor asbestos-related liability to the fair market value or the total gross assets of the transferor determined at the time of the merger or consolidation. Provided methods for determining fair market value.

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ATRA’s statement on passage of Amendment 1 to Illinois House Bill 3360

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ATRA’s statement on Amendment 1 to Illinois House Bill 3360

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Activism in AG’s office, Supreme Court’s acceptance of lawsuit funding and loose venue rules to blame