April 10, 2006

Kim Strassel in the WSJ has a must-read piece on the Congoleum case. Strassel correctly notes that it's not enough to divest $9.6 million from Gilbert, Heintz & Randolph, and more needs to be done about this attempted theft of a billion dollars. (Kimberley A. Strassel, "The Great Asbestos Scam", Wall Street Journal, Apr. 10). See also Feb. 20, Oct. 18 and links therein.

Update: There's also a related WSJ editorial (via ICJL), arguing that the Congoleum case is another data point against passing a trust fund. My take on the trust fund was in the Liability Outlook last month.