Garlock asbestos bankruptcy settlement

The case famous for helping crack open some of the secrets of the asbestos litigation business has reached a settlement, which will apparently include a settlement (probably without admission of wrongdoing) of civil RICO claims against several law firms. The revelations in the Garlock bankruptcy helped to bolster evidence that “some victims and their lawyers tell one story in one venue and another someplace else to ‘double dip’ the system” in cases against separate defendants. [Sara Warner, National Courts Monitor/Huffington Post; earlier]

One Comment

  • What a surprise – – plaintiff lawyers “double dipping”? I’m shocked!
    The next thing that you’ll probably tell me is that they taint the “facts”. The only solution this corrupt system is a “loser pays” approach, as is the case in many other countries.