Asbestos Trends, Global Settlement and the 'Corporate Veil'
July 31, 2002
icAendicnalysts at Fitch Ratings have released a new, albeit brief, report on asbestos trends in the wake of recent bankruptcies and the multi-billion dollar settlement of asbestos claims by PPG Industries.
The two-page report notes a marked increase over the past year in asbestos claims filed against companies such as Owens Corning and W.R. Grace & Co., while claims against Georgia-Pacific have started to trend downward since 2000.
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"It is not clear why this is occurring, but one possible explanation might be that the plaintiffs' lawyers could be working on getting claims filed …
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