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Complex Bankruptcy Case holds Implications for Thousands Injured by Asbestos Poisoning

By Conaway and Strickler

On Friday, December 12, 2008, the United States Supreme Court heard the case of Travelers Indemnity Company vs. Bailey et al, a complicated bankruptcy case that was originally decided in federal bankruptcy court. The case involves an asbestos company, Johns Manville, that had been implicated in a class action suit involving approximately 16,000 people, who claimed damages relating to asbestos poisoning and exposure. The Travelers Indemnity Company, Johns Manville's insurer at the time, subsequently came under legal fire when the plaintiffs asserted that Travelers had also known about the asbestos dangers and had failed to disclose their knowledge to the general public. The claim argued that Travelers should bear some culpability for injuries to the calimants...continue to full post

Full post as published by Georgia Criminal Defense Blog on January 19, 2009 (boomark / email).