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Asbestos bankruptcies, cont'd

Per a W$J editorial, judges have dealt defeats recently to the asbestos plaintiff's bar in two bankruptcy cases. In the W.R. Grace case, a judge ruled -- contrary to scare stories that have been in circulation for a while -- that vermiculite attic insulation that contains some asbestos does not in itself pose an unreasonable risk of injury to homeowners or others. And in the Congoleum case, a judge refused to approve a reorganization plan that protected the interests of management and asbestos lawyers at the expense of insurers. For more on asbestos bankruptcies, see, e.g., here, here and (Congoleum:) here.



Rafael Mangual
Project Manager,
Legal Policy

Manhattan Institute


Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.