Due to a Second Circuit ruling yesterday, Travelers is about out of rope in its effort to avoid paying $500 million to asbestos plaintiffs who sued it directly for its role in suppressing information about the full extent of the health hazards of asbestos. The suits arose because Travelers was Manville’s primary insurer while

An article here provides a quick comment from Elizabeth Warren and mentions law students who helped Prof. Isacharoff.

A Law360 article here includes the following quotes:

“Gary Svirsky, a partner in O’Melveny & Myers LLP’s securities litigation practice who has been observing the case, said in an e-mail that the Supreme Court “opted to rule

Walter Olson ‘s PointofLaw has a June 12 post about Judge Weinstein writing a pessimistic paper about the way courts handle mass tort claims. Judge Weinstein may feel the need to write again after considering the Manville Trust’s quarterly report for the 1st quarter of 2009. The report is available here, and is depressing