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by admin
22. April 2011 07:41
Maryland's highest court says an asbestos award should only be reduced
to reflect prior settlements with bankrupt companies if those companies
admitted liability. Scapa Dryer Fabrics wanted a $1,684,415 verdict in
favor of Carl Saville reduced, and the Maryland Court of Appeals
complied - to an extent - in its March 23 opinion. Companies that have
gone through bankruptcy but are frequent defendants in asbestos lawsuits
have set up trusts to pay claimants.
"The substance of the settlement agreements between Mr. Saville and any
and all (bankruptcy) trusts will determine the amount of the reduction
of the judgment," Judge Clayton Greene wrote. We... direct that on
remand to the Circuit Court for Baltimore City, the court should: 1
permit discovery for all settlement agreements between Mr. Saville and
(bankruptcy) trusts; (2) and reduce the judgment... noting that denials
of liability with no provisions for treatment of the trust as a joint
tortfeasor will result in no offset for that particular trust...
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