Rand Corporation, Jul 7, 2005 - Law - 206 pages
Asbestos litigation is the longest-running mass tort litigation in U.S. history. Through 2002, approximately 730,000 individuals have brought claims against some 8,400 business entities, and defendants and insurers have spent a total of $70 billion on litigation. Building on previous RAND briefings, the authors report on what happened to those who have claimed injury from asbestos, what happened to the defendants in those cases, and how lawyers and judges have managed the cases.
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Chapter One Introduction
Chapter Two Injuries from Asbestos Exposure
Chapter Three Asbestos Litigation Dynamics
Chapter Four Claimants and Defendants
Chapter Five Costs and Compensation
Chapter Six Bankruptcies
Chapter Seven Implications for the Future
Appendix A Comparison of Projections of AsbestosRelated Diseases
Appendix B Estimated Cases of Mesothelioma in the United States 19852009
Appendix C Constructing the Jury Verdict Databse
Appendix D Major Asbestos Bankruptcies
analysis annual number Armstrong World Industries asbestos claimants asbestos claims asbestos defendants asbestos exposure asbestos litigation asbestos personal injury asbestos plaintiffs asbestos-related bankruptcies asbestosis average awards billion claims filed Claims Tried class action companies consolidated trials Corp corporations County defendants and insurers defense transaction costs disease Distribution of Claims entities estimates exposed to asbestos Federal-Mogul filed for bankruptcy future gross compensation groups Hensler industries Injury Type Johns-Manville joinder Judge jury verdicts Kanawha County large numbers large-scale consolidations lung cancer Manville Manville Trust medical criteria mesothelioma claims Mississippi National Gypsum Nicholson nonmalignant injuries number of claimants number of claims number of mesothelioma personal injury trusts petition plaintiff attorneys pleural prepackaged bankruptcy punitive damages RAND Raymark Raytech reorganization plan result ruptcy settled settlement spent on asbestos Table tion total spending Tried to Verdict type of claim U.S. Supreme Court Washington Group International West Virginia