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Asbestos settlement fund proposal sparks lobbying war
A Senate proposal for a 108 billion dollar asbestos settlement fund faces fierce lobbying from victims, trial lawyers, unions, insurers, and corporations. Supporters say the money would compensate sufferers and end lawsuits, while opponents warn of bankruptcy risks and job losses. The plan, advanced by Senator Hatch, targets relief amid decades of asbestos-related illness and rising court dockets.
MENTIONED IN THIS ARTICLE
Senate Judiciary Committee
Sen
Orrin Hatch
U.S. Chamber of Commerce
Bruce Josten
Wall Street
Afl-Cio
Hatch
Boilermakers
United States