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Bloomberg BNA Quotes Elihu Inselbuch's Testimony Before Senate Judiciary Committee on Transparency of Asbestos Trusts

February 4, 2016, Bloomberg BNA

Bloomberg BNA quotes Elihu Inselbuch's testimony from the U.S. Senate Judiciary Committee hearing concerning transparency in asbestos trusts and the "Furthering Asbestos Claim Transparency Act of 2015" (the "FACT Act").  For the complete article, please visit Bloomberg BNA's website (subscription required). To read Mr. Inselbuch's full written testimony, click here.

Excerpt taken from the article. 

 ‘A Solution Without a Problem.'

But Elihu Inselbuch, of New York City's Caplin & Drysdale, who focuses on asbestos creditors' rights litigation, disputed the pervasiveness of the problem portrayed by Behrens and other witnesses.

"This bill is a solution without a problem, other than the ones it creates," Inselbuch said.

"These defendants—which are the only beneficiaries of this bill—are the same asbestos companies who for decades have been determined to be liable for recklessly and willfully exposing unknowing workers and their families to the companies' deadly products," Inselbuch said.

"I defy anybody to show one fraudulent filing," Inselbuch said, noting that mesothelioma victims often struggle to remember details about exposures that occurred 30 years ago.

"The plaintiff—the worker—simply didn't know the asbestos he was exposed to," Inselbuch said. "The irony is that the asbestos defendant does know."


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