New Jersey
Civil Justice Institute

  • Helpful Links
  • Contact Us
  • HOME
  • ABOUT US
    • Our Mission
    • Membership
    • Our Staff
  • ISSUES & ADVOCACY
  • OUR WORK IN THE COURTS
  • NEWSROOM
  • GET INVOLVED

Fairness. Justice.
Rule of Law.

Court Exposes Abuse by Plaintiff Attorneys in Bankruptcy Trust Litigation

January 17, 2014News, Top StoriesBankruptcy Trust, Civil Justice, Double Dipping, Tort ReformNJCJI

One of NJCJI’s top priorities for 2014 is advancing legislation that will bring transparency to bankruptcy trust litigation and discourage fraud so that settlement dollars are available to legitimately injured parties. The desperate need for this legislation was most recently illustrated by a ruling from U.S. Bankruptcy Court Judge George Hodges revealing the “tort system was infected by the manipulation of exposure evidence by plaintiffs and their lawyers.”

 

Bankruptcy Judge: Plaintiffs, Lawyers Covered Up Evidence In Garlock Mesothelioma Cases: LexisNexis, Jan. 13, 2014.

Judge Finds Fraud and Deceit by Plaintiffs’ Lawyers in Asbestos Cases: Bloomberg Business Week, Jan. 13, 2014.

The Asbestos Scam, Part 2 (opinion): The New York Times, Jan. 13, 2014.

The Judge Won’t Call Asbestos-Lawyer Shenanigans Fraud, But It Sure Smells Like It: Forbes, Jan. 11, 2014.

Embattled Gasket Maker Sues Asbestos Lawyers For Fraud: Forbes, Jan. 10, 2014.

Judge Slashes Asbestos Liability In Garlock Bankruptcy To $125 Million: Forbes, Jan. 10, 2014

 

While the asbestos trusts are currently the most well-known types of these trusts thanks to the relentless television ads by plaintiffs’ attorneys, they are not the only such trusts. Any company filing for bankruptcy that faces potential legal claims can set up a trust to streamline and resolve claims.

 

As a state with a strong manufacturing sector and a court system known for allowing questionable claims to move forward, New Jersey businesses stand to lose if double-dipping and fraud are not limited.

 

Categories

    Press Releases
    Recent News
    Top Stories

Tag Cloud

Appeal Bond Cap | Arbitration | Attorney Fees | Bad Faith | Ban the Box | Bankruptcy Trust | Business Climate | CFA | Civil Justice | CLE | Congress | Damages | Discovery | Double Dipping | Employment Law | Expert Evidence | Fee Shifting | Food Law | Good Samaritan Bill | Governor Christie | Governor Murphy | Judicial Independence | Judicial Selection | Juries | Legal Reform | Medical & Pharmaceutical Liability | Medical Liability | New Jersey Bar Association | New Jersey Courts | New Jersey Legislature | New Jersey Supreme Court | NJCJI | Outrageous Lawsuits | Paid Sick Leave | Patent Law | Personal Jurisdiction | Regulation via Litigation | Rule of Law | SCOTUS | Settlement Trust Transparency | Statute of Limitations | TCCWNA | Third Circuit | Tort Reform | Trial Lawyers

Newsletter Sign Up




© 2021 NJCJI. All rights reserved.

Follow us on:

  • facebook
  • twitter
  • linkedin

TWITTER FEED TWITTER FEED

  • US Chamber and NJCJI Win Major Arbitration Case in NJ https://t.co/kNwABykb7i, Mar 26
  • https://t.co/3hRvGgjesg, Mar 12
  • https://t.co/9EDd0NzmNe, Mar 12
  • NJBIZ Conversations: Anthony Anastasio - NJBIZ ⁦@NJBIZ⁩ https://t.co/gdne9pyxYB, Feb 3
  • With our recent President change, NJCJI NJCJI would like to ensure we have the most up-to-date contact information… https://t.co/a5PWkhEUyG, Jan 8

QUICK CONTACT



Please enter the code as shown below

captcha

New Jersey Civil Justice Institute | 112 West State Street, Trenton, NJ 08608 | office: (609) 392-6557 | info@civiljusticenj.org