The june 23 U.S. Supreme Court decision overturning a $1.5 billion asbestos class action settlement squeezed the already-narrow ground for companies hoping to use federal class action rules to resolve overwhelming tort liabilities and go on with business. The unwelcome future for many companies, according to a number of class action experts, may be bankruptcy court.
June 28, 1999 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The june 23 U.S. Supreme Court decision overturning a $1.5 billion asbestos class action settlement squeezed the already-narrow ground for companies hoping to use federal class action rules to resolve overwhelming tort liabilities and go on with business.
The unwelcome future for many companies, according to a number of class action experts, may be bankruptcy court. And some past class deals, once considered settled for good, may be vulnerable.
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