Update on Bates White Paper on Impact of Asbestos Bankruptcies
Now online here at no expense is a new paper by the economists at Bates White. The paper is titled “The Naming Game” and is well-worth reading because it uses data from Alameda County to prove the reality that when defendants have exited the tort system to chapter 11, plaintiffs lawyers have in fact sought out and sued new defendants with increasing frequency. The paper also raises other interesting questions for discussion another day regarding the practices of plaintiff’s lawyers in collecting money from asbestos trusts AFTER they have finished collecting money in the tort system.
The online article is a reprint from the September 2 issue of the Mealey’s report for Asbestos Litigation.