“The largest 26 of these trusts paid about 2.4 million claims totaling about $10.9 billion up to 2008.”
Sounds like they were made to pay people. The companies are bankrupt…the trusts ensure funds are available to pay people despite the companies being insolvent.
omg. turns out there something called an asbestos bankruptcy trust that companies use to get out of paying people injured by asbestos exposure
https://en.wikipedia.org/wiki/Asbestos_bankruptcy_trusts?wprov=sfla1
And there are states that passed laws specifically to make it harder for people to sue at all (red states, obviously)
Tort reform once again
“The largest 26 of these trusts paid about 2.4 million claims totaling about $10.9 billion up to 2008.”
Sounds like they were made to pay people. The companies are bankrupt…the trusts ensure funds are available to pay people despite the companies being insolvent.
the trusts pay pennies to the dollar…
Instead of literally nothing.
The perpetrators pay literally nothing.