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Resource ID: #18057
Subject: query failed
Source: Wall Street Journal (New York)
Affiliation: 
Date: Feb. 7

Description

The Wall Street Journal examines the reasons for the overload of asbestos claims in recent years. The author attempts to find out whether the Center for Claims Resolution in Princeton, N.J. has unwittingly encouraged more plaintiffs' suits, as it has settled more than 350,000 claims and paid more than $5 billion on behalf of its member asbestos makers. The story points out that "in the past year alone, about a half-dozen companies have filed for bankruptcy-court procedures as a result of the influx of new claims." The investigation reports that "unlike earlier plaintiffs, people filing claims in the 1990s had minor injuries".

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