fbpx
News
November 10, 2017

Third Party Litigation Funding’s Week Under the Microscope

Asbestos litigation magnate and Baltimore Orioles owner Peter Angelos wants Maryland lawmakers to step in to negate the impact of a 2016 appeals court decision which threatens to clear as many as 25,000 asbestos cases from the docket.

The decision applied Maryland’s 20-year statute of repose to asbestos lawsuits, effectively negating a 1991 state law amendment that removed that protection for asbestos manufacturers.

The Maryland Court of Appeals will hear an appeal of the case — Duffy v. CBS — on December 1st. In the meantime, Angelos’ firm (which controls over 17,000 of the pending asbestos suits) is lobbying the Maryland Senate’s Judicial Proceedings Committee for consolidation in an attempt to strong-arm defendants into settling. (Forbes)

Arizona skyline Blog Arizona Governor Signs Law to Prevent Over-naming in Asbestos Lawsuits Asbestos Blog West Virginia Wants to Pay Jurors More---That’s a Good Thing Asbestos, Other Issues News California Asbestos Verdict Reversed; Wrong State's Laws Were Used Asbestos News In The News-June 11, 2021 Asbestos News NYC Asbestos Suits Packed with Blameless Defendants Asbestos

Cookie Notice

By clicking “I Accept”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

Cookie Notice

By clicking “I Accept”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Review Settings