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November 17, 2004


WSJ asbestos editorial

Opines this morning's Journal ($): "A group of commercial creditors -- who stand to lose if the trial bar and healthy plaintiffs gobble up every last corporate asset -- are waging a principled battle against asbestos shenanigans, and have made some headway." In particular, the "creditor banks have asked that he [Judge John P. Fullam, recently appointed to oversee several asbestos bankruptcies] order a look at a random sample of the medical records of those plaintiffs with non-malignant (non-cancerous) claims against Owens Corning. These are the vast majority of asbestos claims -- and the most suspect." Plaintiff's firms are fighting the request; critics contend that a closer look at medical files will reveal a majority to be medically ineligible.

Posted by Walter Olson at 01:52 PM | TrackBack (0)



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