Supreme Court Re-Instates Asbestos Settlement
21 June 2009
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Settlements that Travelers Companies Inc agreed to in 2003 and 2004 to resolve asbestos-related claims were wrongfully overturned by an appeals court, the U.S. Supreme Court has ruled. When the $500 million settlement was reached, it included a provision barring all future lawsuits relating to Johns Manville Corp, an asbestos mining company that Travelers insured for more than 30 years. In the earlier decision by the appeals court, the settlement was overturned because the court ruled the bankruptcy judge wasn’t authorized to prevent new suits. James Vicini, Reuters 06/18/2009
Read Article: Reuters
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This is cool! And so interested! Are u have more posts like this? Plese tell me, thanks
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