Wallace & Graham, P.A.
Helping Asbestos & Mesothelioma Victims Nationwide
Call For A Free Consultation 888-698-9975
To protect your safety in response to the threats of COVID-19, we are offering our clients the ability to meet with us in person, via telephone or through video conferencing. Please call our office to discuss your options.

NC proposed legislation could change how asbestos cases heard

North Carolina legislators are considering passing a bill that could impact the manner in which asbestos-related lawsuits are tried. The aim of the bill is purportedly to provide more transparency when it comes to asbestos bankruptcy trusts in relation to products liability matters.

The bill would require disclosures concerning such trusts of all claims made against a debtor's bankruptcy trust. Plaintiffs would need to file sworn statements with the court identifying all potential claims against these asbestos bankruptcy trusts. 

These trusts are often formed after Chapter 11 bankruptcy reorganizations by corporations. Since these companies still face exposure concerning asbestos exposure claims, these companies can establish trusts to fund the payment of those injured. It would also allow courts to put off trial scheduling until 180 days after a disclosure is made.

There are a number of other requirements that come along with such a bill including immunity concerning certain asbestos products that supposedly meet certain governmental requirements. The immunity could be revoked, however, if certain actions are taken by the government.

There always will be lobbying for new bills in the legislatures by manufacturers to shield them from liability. Because corporations have the dollars to support certain efforts, it sometimes appears that these businesses have the upper hand.

Though not always simple, victims of exposure still have legal avenues to pursue. Because of the complexity that such legislation adds to these lawsuits, plaintiffs will likely require the assistance of attorneys who have a thorough understanding of asbestos cases. Though legislators seem concerned that plaintiffs will attempt to try essentially the same claims more than once, we still need to make certain that these victims of asbestos exposure are adequately compensated. This exposure can lead to asbestosis, mesothelioma and a variety of cancers - in particular, lung cancer.

Source: Washington Examiner, May 29, 2014

No Comments

Leave a comment
Comment Information

No Matter Where You Are, We're Here For You

Based in North Carolina, Wallace & Graham, P.A. represents clients nationwide. Call 888-698-9975, or contact us online for a free case evaluation. Our skilled and caring attorneys will explain your rights and fight for the justice you deserve.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

This site uses Google's Invisible reCAPTCHA, which is subject to Google's Privacy Policy and Terms of Use.

The Law Offices of Wallace & Graham

525 N. Main Street
Salisbury, NC 28144

Toll Free: 888-698-9975
Fax: 704-633-9434
Salisbury Law Office Map