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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 ...
Retailers of asbestos-containing products (including hardware, home improvement and automotive parts stores); Corporations that allegedly conspired with asbestos manufacturers to deliberately conceal the dangers of asbestos (e.g., MetLife , a well-known insurance company which worked with Johns-Manville );
Asbestos (/ æ s ˈ b ɛ s t ə s, æ z-,-t ɒ s / ass-BES-təs, az-, -toss) [1] is a group of naturally occurring, toxic, carcinogenic and fibrous silicate minerals.There are six types, all of which are composed of long and thin fibrous crystals, each fibre (particulate with length substantially greater than width) [2] being composed of many microscopic "fibrils" that can be released into ...
More than $3.2 million in public money has been spent on environmental cleanup/demolition at both properties, each of which sat vacant for many years. Danger zones: asbestos, toxic chemicals among ...
USG once again declared bankruptcy on June 25, 2001, under Chapter 11 to manage the growing asbestos litigation costs. USG was the eighth company in an 18-month period that was forced to utilize Chapter 11 to resolve asbestos claims. In the prior two decades, 27 companies filed for protection under Chapter 11 because of asbestos litigation.
Asbestos, which was once common in home insulation and other products, is banned in more than 50 countries, and its use in the U.S. has been declining for decades.
However, the new rules can allow up to a dozen years to phase out the use of chrysotile asbestos in some manufacturing facilities. [26] The long phase-out period was a result of a strong lobby by Olin Corporation , a major chemical manufacturer, as well as trade groups like the U.S. Chamber of Commerce and the American Chemistry Council .
Workers who remove asbestos insulation from around a steam vessel in an old building; Construction workers who inhale asbestos from contaminated building materials such as paint, spackling, roof shingles, masonry compounds, and drywall may get asbestosis.