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March 7, 2017

GM Sues Asbestos Trusts in Delaware, Pennsylvania, and New York

General Motors (GM) filed suits on Monday against asbestos trusts in three separate states seeking recovery of trust money paid to the estate of an employee who also received payments from the automaker to settle asbestos exposure claims.

Law360 writes that GM’s challenges took aim at a bankruptcy law that bars claims against designated trusts to offset nontrust payments for asbestos-related damage settlements by other parties.

This is the “latest move in a long-running battle over access to the records of assorted trusts and control over trust outlays involving thousands of asbestos injury claimants and compensation payments.”

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