Wall Street Journal Highlights Asbestos ‘Double-Dipping Scam’, Calls on Congress to Pass FACT Act
Highlighting the details that are coming to light as a result of the unsealing of court documents in the Garlock Sealing Technologies’ bankruptcy proceedings, the Wall Street Journal editorial board today concludes that, “asbestos litigation fraud has reached new heights.”
“Court documents show the ugly specifics of ‘double-dipping’—in which lawyers sue a company and claim its products caused their clients’ disease, even as they file claims with asbestos trusts blaming other products for the harm,” continues the editorial. “This lets them get double or multiple payouts for a single illness, with a huge cut for the lawyers each time.”
Concluding that “asbestos fraud is a blight on the courts and basic legal fairness,” the editorial calls upon Congress to pass the Furthering Asbestos Claims Transparency (FACT) Act.
Read the full editorial here.