General Motors and Post Bankruptcy Asbestos Claiming
Asbestos claimants continue to pursue GM for asbestos-related recoveries. Here is a story from Bloomberg yesterday on a recent hearing that allowed plaintiffs to move forward with some discovery against GM. Plaintiffs predict possible claims for "billions."
Defendants remaining in the tort system will watch with interest. After all, if GM does not pay, then the plaintiff’s will demand that other defendants pay GM’s share.