Discussion

The extent to which exposures to the asbestos-containing products of bankrupt firms are identified during a tort case has important implications for plaintiffs and remaining solvent defendants. The failure of plaintiffs and defendants to identify all such exposures can mean that a remaining solvent...

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creator Lloyd Dixon
Geoffrey McGovern
description The extent to which exposures to the asbestos-containing products of bankrupt firms are identified during a tort case has important implications for plaintiffs and remaining solvent defendants. The failure of plaintiffs and defendants to identify all such exposures can mean that a remaining solvent defendant will pay more than it would if all exposure were identified. Failure to identify exposure to the products of bankrupt parties might also result in greater plaintiff compensation than otherwise from bankruptcy trusts and the tort case combined. As discussed in Chapter One, plaintiffs thus have disincentives to identify exposure to bankrupt firms’ products, while
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The failure of plaintiffs and defendants to identify all such exposures can mean that a remaining solvent defendant will pay more than it would if all exposure were identified. Failure to identify exposure to the products of bankrupt parties might also result in greater plaintiff compensation than otherwise from bankruptcy trusts and the tort case combined. As discussed in Chapter One, plaintiffs thus have disincentives to identify exposure to bankrupt firms’ products, while</description><identifier>ISBN: 0833090186</identifier><identifier>ISBN: 9780833090188</identifier><identifier>EISBN: 0833091395</identifier><identifier>EISBN: 9780833091390</identifier><language>eng</language><publisher>RAND Corporation</publisher><subject>Applied sciences ; Asbestos ; Attorneys ; Bankruptcy ; Bankruptcy claims ; Bankruptcy Code ; Bankruptcy trusteeship ; Criminal defense attorneys ; Defendants ; Defense counsel ; Economic disciplines ; Economics ; Employment ; Finance ; Financial economics ; Financial status ; Hazardous substances ; Interrogatories ; Judicial system ; Labor economics ; Law ; Legal proceedings ; Legal professionals ; Litigants ; Litigation ; Litigation parties ; Materials ; Materials science ; Occupations ; Plaintiffs ; Plaintiffs attorneys ; Trial court proceedings ; Witness examination</subject><ispartof>Bankruptcy’s Effect on Product Identification in Asbestos Personal Injury Cases, 2015, p.37</ispartof><rights>2015 RAND Corporation</rights><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>779,780,784,793,24361</link.rule.ids></links><search><creatorcontrib>Lloyd Dixon</creatorcontrib><creatorcontrib>Geoffrey McGovern</creatorcontrib><title>Discussion</title><title>Bankruptcy’s Effect on Product Identification in Asbestos Personal Injury Cases</title><description>The extent to which exposures to the asbestos-containing products of bankrupt firms are identified during a tort case has important implications for plaintiffs and remaining solvent defendants. 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The failure of plaintiffs and defendants to identify all such exposures can mean that a remaining solvent defendant will pay more than it would if all exposure were identified. Failure to identify exposure to the products of bankrupt parties might also result in greater plaintiff compensation than otherwise from bankruptcy trusts and the tort case combined. As discussed in Chapter One, plaintiffs thus have disincentives to identify exposure to bankrupt firms’ products, while</abstract><pub>RAND Corporation</pub><oa>free_for_read</oa></addata></record>
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identifier ISBN: 0833090186
ispartof Bankruptcy’s Effect on Product Identification in Asbestos Personal Injury Cases, 2015, p.37
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language eng
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source JSTOR eBooks: Open Access; DOAB: Directory of Open Access Books
subjects Applied sciences
Asbestos
Attorneys
Bankruptcy
Bankruptcy claims
Bankruptcy Code
Bankruptcy trusteeship
Criminal defense attorneys
Defendants
Defense counsel
Economic disciplines
Economics
Employment
Finance
Financial economics
Financial status
Hazardous substances
Interrogatories
Judicial system
Labor economics
Law
Legal proceedings
Legal professionals
Litigants
Litigation
Litigation parties
Materials
Materials science
Occupations
Plaintiffs
Plaintiffs attorneys
Trial court proceedings
Witness examination
title Discussion
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