New Asbestos Hearing

Here is an article on a new planned hearing on the proposed asbestos compensation fund.

The hearing to be held by the Senate Judiciary Committee is tentatively scheduled for November 14th. The hearing will discuss the findings of a study by the Bates White economics consulting firm on whether the $140 billion proposed compensation fund will have sufficient funds to pay all the expected claims.

It is the opinion of this study that the fund will not be large enough to cover all the claims and would go bankrupt within only a few years.