Asbestos Liability Issues Keep Emerging

Although insurance coverage issues have been settled for the most part over the years, there is still plenty “new under the asbestos sun,” with liability issues continuing to emerge, one leading defense attorney says.

Joseph J. Schiavone is a partner in the law firm Budd Larner Gross Rosenbaum Greenberg & Sade in Short Hills, N.J. The firm represented asbestos manufacturer Johns Manville Corp.–which went bankrupt, leading to the creation of the Manville Trust–and is active in insurance defense work involving asbestos. Mr. Schiavone estimates that his firm is involved in about 1,100 asbestos cases in New York alone.

As Mr. Schiavone pointed out, many other asbestos manufacturers and distributors have gone or are about to go bankrupt. This led asbestos claimants to try to extract judgments or settlements from peripheral players, such as installers of asbestos products, he noted.

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