PointofLaw.com
 Subscribe Subscribe   Find us on Twitter Follow POL on Twitter  
   
 
   

 

 

Checking the facts on the FACT Act

| No Comments


Vinny Sidhu
Legal Intern, Manhattan Institute's Center for Legal Policy

In the June 30th letters to the editor section of the New York Times, Lisa A. Rickard, president of the U.S. Chamber of Commerce's Institute for Legal Reform, made her feelings clear about a June 19th editorial entitled "One-Sided Bill on Asbestos Injuries":

There is plain evidence that fraud and abuse already exist in the trusts set up by companies to pay asbestos claims.

A 2012 House Judiciary Committee report detailed highly questionable claims, citing numerous examples. In March, The Wall Street Journal chronicled thousands of highly questionable trust claims in a major front-page article.

The Furthering Asbestos Claim Transparency Act simply requires the trusts to make public information that they already collect about who has made claims against what trusts. And we believe that it places zero burden on claimants.

Most asbestos trusts have recently lowered their payouts to claimants because they are running out of money because of increased claims. Those who are indeed pro-claimant should support legislation that will ensure money for legitimate future claimants. Those defending the status quo are really supporting the current cash machine system that primarily enriches plaintiffs' lawyers.

Before concluding that a bill is "one-sided," the NYT may find it prudent to scrutinize the compendium of information available on both sides of the issue to ensure they are not advocating against the interests of the very claimants they profess to be protecting.

Leave a comment

Once submitted, the comment will first be reviewed by our editors and is not guaranteed to be published. Point of Law editors reserve the right to edit, delete, move, or mark as spam any and all comments. They also have the right to block access to any one or group from commenting or from the entire blog. A comment which does not add to the conversation, runs of on an inappropriate tangent, or kills the conversation may be edited, moved, or deleted.

The views and opinions of those providing comments are those of the author of the comment alone, and even if allowed onto the site do not reflect the opinions of Point of Law bloggers or the Manhattan Institute for Policy Research or any employee thereof. Comments submitted to Point of Law are the sole responsibility of their authors, and the author will take full responsibility for the comment, including any asserted liability for defamation or any other cause of action, and neither the Manhattan Institute nor its insurance carriers will assume responsibility for the comment merely because the Institute has provided the forum for its posting.

Related Entries:

 

 


Isaac Gorodetski
Project Manager,
Center for Legal Policy at the
Manhattan Institute
igorodetski@manhattan-institute.org

Katherine Lazarski
Press Officer,
Manhattan Institute
klazarski@manhattan-institute.org

 

Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.