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Bringing transparency to asbestos litigation

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The Missouri Chamber of Commerce and Industry is supporting a bill that would stop trial lawyers from “double-dipping” in asbestos lawsuits.

There is a growing concern that trial attorneys are utilizing asbestos trust resources while also suing companies that were peripheral to the asbestos exposure.

“We have attorneys that are naming, say, hardware stores, plumbing distributors, electric switch manufacturers,” said Sen. Lincoln Hough, a Republican from Springfield.

Sen. Hough has sponsored Senate Bill 69 to address this problem. The bill would help allow for the fair allocation of fault and help all victims to receive their compensation faster by filing the trust claims up front. It would also prevent the depletion of limited trust fund resources to the detriment of future claimants.

Sen. Hough said 15 states have already passed similar legislation.

“I think what this really does is creates fairness not only for the claimant but also for the businesses associated with this litigation,” he said.

The Missouri Chamber will continue to advocate for Senate Bill 69 as it and other similar bills progress through the legislature this year.

 

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