SANTA MONICA, Calif. (Legal Newsline) - Researchers who set out to explore connections between asbestos trusts and asbestos courts returned with guesswork because of a lack of factual evidence.
Lloyd Dixon and Geoffrey McGovern of the Rand Institute for Civil Justice couldn't find enough facts to learn whether bankrupt businesses shift liability to solvent businesses.
"Data over time on the expenditures by defendants that remain solvent are needed to better understand both the direction and magnitude of the effects," they wrote. "Such data, however, are currently unavailable.
"Settlements, which constitute the lion's share of asbestos resolutions, are kept confidential."
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