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The Furthering Asbestos Claim Transparency (FACT) Act of 2015 (old bill number- H.R. 526, now Section 3 of H.R. 1927) is a bill introduced in the U.S. House of Representatives by Congressman Blake Farenthold that would require asbestos trusts in the United States to file quarterly reports about the payouts they make and personal information on the victims who receive them in a publicly ...
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 health clinic in a Montana town plagued by deadly asbestos contamination must pay the government almost $6 million in penalties and damages after it submitted hundreds of false asbestos claims ...
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Furthering Asbestos Claim Transparency (FACT) Act of 2013; Long title: To amend title 11 of the United States Code to require the public disclosure by trusts established under section 524(g) of such title, of quarterly reports that contain detailed information regarding the receipt and disposition of claims for injuries based on exposure to asbestos; and for other purposes.
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