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Charlotte’s bankruptcy court has become a national haven for multibillion-dollar companies facing lawsuits from people sickened by asbestos.
Asbestos litigation is the longest, most expensive mass tort in U.S. history, involving more than 8,000 defendants and 700,000 claimants. [1] By the early 1990s, "more than half of the 25 largest asbestos manufacturers in the US, including Amatex, Carey-Canada, Celotex, Eagle-Picher, Forty-Eight Insulations, Manville Corporation, National Gypsum, Standard Insulation, Unarco, and UNR Industries ...
The chrysotile asbestos previously used in Garlock's gaskets is roughly 1/100 to 1/2000 as carcinogenic as the friable amphibole asbestos used in the insulating tape just mentioned. Over a thirty-five year period Garlock was sued hundreds of thousands of times and forced to pay about $1.3 billion in judgements, settlements, and defense costs.
A St. Louis jury has ruled that Ford Motor Co. and other companies must pay $6 million to a Missouri family over claims that a woman's death was caused by exposure to asbestos, including from dust ...
In 2022, the company filed a $4.1 billion lawsuit against Union Carbide, a subsidiary of the Dow Chemical Company based in Texas, claiming it did not inform Kelly-Moore about asbestos hazards ...
The first employee claims for injury from exposure to asbestos in the workplace were made in 1927, [64] and the first lawsuit against an asbestos manufacturer was filed in 1929. [65] Since then, many lawsuits have been filed.
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