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Manville asbestos trust plan aims at speedier, tiered payouts
New York AP report details a restructuring plan for the Manville asbestos trust that slashes plaintiffs lawyers fees and pays victims by disease severity. The plan, backed by Manville Corp and filed with Judge Weinstein, envisions up to 520 million dollars in new contributions and dismissal of over 100,000 lawsuits to clear court backlogs.
MENTIONED IN THIS ARTICLE
New York
Manville Asbestos Trust
U.S
Jack B. Weinstein
Manville Corp