In the fourth and final post on asbestos litigation in the 21st century, we will look at the results of the Wall Street Journal's investigation into the current status of the massive victim trust funds.
This is the third post in our series on the current status of asbestos litigation. Because of the slow-developing nature of mesothelioma and other asbestos-related conditions, some victims may be at risk of facing serious diseases without the assistance of compensation from the companies responsible for the illnesses.
Although most Americans associate asbestos with old buildings and dangerous cancers, the facts of this toxic substance are less well known. Asbestos refers to a naturally occurring type of mineral fibers. While asbestos played a useful role in thousands of products in the 1900s and still exists in many aspects of everyday American life, the fibers are dangerous and can cause serious cancers.
After several decades of litigation, asbestos victims are still coming forward every day with symptoms of mesothelioma and other conditions. While these victims are still entitled to compensation, the landscape has become much more complicated after years of asbestos-related toxic tort litigation. According to a new investigation by the Wall Street Journal, future victims may not have any source of compensation if current trends continue.
A recent opinion piece in the Los Angeles Times highlighted the challenges that can arise from complex toxic exposure personal injury cases. The article detailed the struggles of a California marine who had been exposed to asbestos and subsequently developed a serious cancer called mesothelioma. Court filings in the case allege that lawyers from the asbestos industry hounded the marine during depositions and that this contributed to his death.