Part 2 of 2: Asbestos Litigation: Malignancy in the Courts?
December 20, 2002
This is Part 2 of a two-part article. Click here to view Part 1.
The role of asbestosis claims in asbestos litigation underwent dramatic changes in the mid-1990s. By then it had become clear that all of the so-called traditional defendants would soon go bankrupt. In a desperate attempt to survive, the CCR, an association of 20 of the leading asbestos defendants that had banded together to jointly defend asbestos litigation suits, sought out and entered into a $1.2 billion settlement agreement with the nation's leading plaintiff asbestos law firms (save one). The agreement, known in the trade …