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Bankruptcy

Apr. 6, 2012

Dynamics in asbestos bankruptcies shifting

Insurance companies in asbestos cases say they've long been excluded from objecting to deals made between defense and plaintiffs' lawyers. Those alliances could see more challenges in court.


By Gabe Friedman


Daily Journal Staff Writer


The complex legal dynamics in asbestos-related bankruptcies are shifting, and the change could affect billions of dollars at stake in pending and future litigation.


Insurance companies that are often major players in asbestos cases say they've long been excluded from objecting to deals made between defense and plaintiffs' lawyers. Those unusual alliances could see more challenges in court, th...

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