We recently had a phone call from a potential client asking about this issue. The answer in
Archive for April, 2008
Can a Worker Sue Their Employer for Mesothelioma?
Friday, April 11th, 2008Mining Company Agrees to Settle Asbestos Claims
Wednesday, April 9th, 2008Billy Rose’s Jumbo film On April 7th, W.R. Grace & Co. announced an agreement that will resolve all asbestos claims against the company. This applies to all current claims and any future claims. This action allows the company to emerge from bankrupts without any further asbestos related obligations.The agreement is valued at $3 billion in both cash and equity. The settlement will be allocated into a trust for asbestos victims. W.R. Grace will pay $250 million into the trust initially, and then deferred payments of $110 million per year for five years will begin in 2019. Payments of $100 million per year for 10 years will begin in 2024.
The trust fund will also receive contributions from Sealed Air Corp. and Fresenius Medical Care Corp., which were affiliated with W.R. Grace in the past. Sealed Air Corp. will contribute $1.2 billion and Fresenius Medical Care Corp. will contribute $100 million.
The trust fund will have the right to buy up to 10 million shares of stock at $17 per share during the companies first year out of bankruptcy. All stock profits will be placed in the trust fund.
In 2001, when W.R. Grace filed for bankruptcy, it had been named in about 110,000 asbestos personal injury claims.
Many asbestos related claims against W.R. Grace involve a spray-on fireproofing product that was manufactured by the company.
The agreement must still be approved by a judge. If approved, it does not affect the federal indictment against W.R. Grace and seven executives of the company. They are charged with conspiring to hide the health risks associated with the Libby vermiculite mine.
Dragonslayer movies are currently working on cases that involve serious illness caused by exposure to asbestos.
Minnesota Governor Doesn’t Support Bill Funding Iron Range Mesothelioma Study
Saturday, April 5th, 2008The Governor of Minnesota, Tim Pawlenty does not support a bill that will fund a study of mesothelioma among workers and near by residents of the Iron Range mining facilities.
Pawlenty says that the funding is coming from the wrong place. The bill calls for funding to be taken out of the Worker’s Compensation Fund.
download The Sand Pebbles The agency in charge of the Worker’s Compensation Fund agrees with the Governor and feels that the money in the fund should not be used for the study.
Fiend Without a Face trailer Since mesothelioma is classified as a worker’s health issue, Representative Tom Rukavina feels that the Worker’s Compensation Fund is an appropriate source for funding the study.
Maybe Logic: The Lives and Ideas of Robert Anton Wilson divx
Asbestos attorneys are currently working on mesothelioma claims.
$11 Million Asbestos Award Upheld by California Appellate Court
Wednesday, April 2nd, 2008The Hudsucker Proxy dvdrip On March 28th, a California Appellate court upheld a verdict made in July 2007. Over $11 million was awarded to a former California couple to cover the medical, emotional and punitive damages related to mesothelioma caused from asbestos exposure.
The lawsuit was filed against Asbestos Corp. Ltd. In 2005 shortly after the husband was diagnosed with mesothelioma. The husband, who is now 77, has limited mobility, needs an oxygen tank and has lost the ability to care for his wife who also suffers from health problems.
The husband was exposed to asbestos while he was working in Navy shipyards in the 1940’s and 1950’s. While working in the shipyards, he repaired boilers with the use of asbestos products.
The lawsuit was awarded to the couple based on evidence that Asbestos Corp. Ltd. had been aware of the dangers posed by asbestos, but failed to use warning labels until the 1970’s.
Currently, there are mesothelioma attorneys helping those who have developed mesothelioma.