A federal bankruptcy judge in Charlotte on Thursday reaffirmed his landmark decision in the murky world of asbestos litigation. Judge George Hodges ruled against a request by asbestos plaintiffs to reopen the record that led to his decision in favor of a bankrupt gasket maker called Garlock.
Back in January, a federal judge in Charlotte issued what some have called a watershed decision in the murky world of asbestos litigation. The judge laid out how lawyers for asbestos plaintiffs withheld evidence and misled courts in old cases against a gasket manufacturer called Garlock. Since that decision, Garlock's bankruptcy case has drawn the attention of federal lawmakers, large auto companies, and health insurers.
In January, a federal bankruptcy judge in Charlotte issued what could be a game-changing decision in the murky world of asbestos litigation. The judge slashed what a manufacturer owes asbestos victims by roughly $1 billion after finding that the victims' lawyers abused the system.
If you watch TV, you've probably seen a commercial like this.