In a case of first impression, a North Carolina bankruptcy judge overseeing a gasket maker’s insolvency proceeding found that some plaintiffs lawyers have had a practice “to withhold evidence of exposure to other asbestos products and to delay filing claims against bankrupt defendants’ asbestos trusts until after obtaining recoveries” from the defendant.
That course of conduct included cases that resulted in a $9 million verdict in California and a $1.35 million verdict in Texas, the judge said.
