Public Act 98-548, which will take effect January 1, sets requirements for the payment of settlements. Defense attorneys have questioned the necessity of this law, and generally hold the opinion that the law will have an adverse effect on the settlement process. Conversely, plaintiffs’ attorneys believe the new law is necessary to ensure the prompt […]
Toxic Tort Litigation Defense
Chamber President Endorses FACT Act
Lisa Rickard, president of the U.S. Chamber Institute for Legal Reform, recently argued in favor of the FACT Act (H.R. 982) in a blog post for The Hill. The FACT Act requires increased transparency from asbestos trusts by requiring the asbestos trusts to file quarterly reports with bankruptcy courts detailing who has filed a claim […]