Alliance for Asbestos Fraud Awareness

Stop Asbestos
Trust Fraud

Asbestos trust funds are being drained. Many have been forced to reduce their payments to asbestos victims. Every dollar paid to resolve a fraudulent or abusive trust claim is a dollar taken from a future victim. Simple transparency measures would discourage abuse and protect future asbestos victims’ access to the compensation they deserve.

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Asbestos trusts have paid out billions of dollars in claims in secret and without oversight. The Alliance for Asbestos Fraud Awareness supports common sense reforms like the Furthering Asbestos Claim Transparency (FACT) Act, which would require asbestos trusts to give courts basic information on the claims they receive. Media investigations and litigation have exposed inconsistent and illogical claims against asbestos trusts, including claims alleging on-the-job exposure to asbestos during childhood and claims filed on behalf of fictitious individuals. More than twenty asbestos trust funds have reduced their payments to victims in the last decade, some more than once. As a result, an asbestos victim who files trust claims today may receive only half what he would have in years past. Without reform, future victims will receive even less.


LATEST NEWS

CORRECTED: Firm Seeks Del. Chancery Confirmation Of Manager Ouster

Law360
01-25-2017

“Law360, Wilmington (January 25, 2017, 9:54 PM EST) — A company that emerged from the 2008 bankruptcy of a business facing major asbestos liabilities asked Delaware’s Chancery Court to confirm the ouster of the firm’s manager late Tuesday, saying the action was prompted by his alleged years of malfeasance, including “lavish,” self-approved bonuses.”

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Motion seeks to expose deposition linked to Baron & Budd asbestos memo

SE Texas Record
01-23-2017

“AUSTIN – Next Tuesday, a Texas district judge will hold a hearing on whether to unseal testimony that could unearth a list of asbestos cases connected with the arguably infamous “Terrell memo,” the widely reported on “cheat sheet” revealing how Baron & Budd clients were coached up before depositions.”

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