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Asbestos Trust Fund Opponents Urge New Approach to End Lawsuits Feb.
15 (Bloomberg) - U.S.
senators who voted to scuttle a
proposed $140 billion fund for asbestos exposure victims are
calling for a different approach to curb lawsuits that have
bankrupted almost 80 companies.
As soon as the Senate shelved the fund plan yesterday on a
procedural vote, opponents proposed an alternative: requiring
victims to document their medical condition before suing for
damages.
``We have a broken legal system that needs to be fixed,''
said Senator John Ensign, a Nevada Republican.
The new approach
would ``get rid of all the phony claims'' and benefit actual
victims, he said.
Four states - Florida, Texas, Georgia and Ohio - have laws
that require victims to show their cancer or respiratory disease
was caused by asbestos in order to file suit.
Chicago-based USG
Corp., the world's largest w...
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