The procedural derailment in the U.S. Senate of a bill aimed at pulling asbestos-related suits off court dockets around the country means that — at least for now — some 3,000 such cases filed in Fulton County courts in Georgia will remain open.
If passed, Senate Bill 852, the Fairness in Asbestos Injury Resolution (FAIR) Act of 2005 would create a trust fund of up to $140 billion, subsidized by mandatory contributions from companies facing suit, now or in the future, over asbestos-related activities.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]