Asbestos Compensation Fund Legislation passed by Senate Judiciary Committee

The U.S. Senate Judiciary Committee is to be applauded for taking action to protect the rights of true victims of asbestos-related illness and ensure they promptly receive their full compensation, the Center for Individual Freedom said late last week.

“The committee has voted to create a $140 billion fund to compensate those made ill by exposure to asbestos,” said Marshall Manson, vice president for public affairs. “Currently these individuals are victims not only of asbestos itself, but of a judicial system gone mad.”

Pointing to a study by the RAND Institute, Manson noted that trial attorneys have bogged down the court system with 730,000 asbestos-related claims, 90 percent of which are for non-malignant conditions. This rampant baseless legal action has driven 100 defendant companies into bankruptcy, so legitimate plaintiffs can hope to receive only pennies on the dollar at best. And from that, they must pay attorney and transaction fees that climb as high as 60 percent, Manson added.

I wonder if someday we will have a legislation for Lawyerities - a fatal (economic and moral) condition caused by over exposure to lawyers.

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