asbestos liabilities Articles

  • Warren Buffett Trades Mesothelioma Death for Money

    It is not for the victims of asbestos diseases, but for the lawyer's self-interest that asbestos litigation occurs, and the self-interest of Mr. Warren Buffett's Berkshire Hathaway's group of Insurance companies that are responsible for asbestos liabilities. The asbestos litigation industry is a multibillion dollar industry that spends more on advertising than Coca-Cola. Asbestos litigation ...


    By ABCOV Companies , LLC

  • Asbestos Liability: How Does a Company CEO Provide Financial Assurance?

    The Environmental Protection Agency (EPA) has been sued by the environmental groups, Sierra Club, Great Basin Resource Watch, Amigos Bravos and Idaho Conservation League, to enforce Section 108(b) of the Comprehensive Environmental Response Compensation and Liability Act (CERCLA), i.e., companies must prove financial assurance requirements for hazardous releases. In short, prove to EPA that they ...


    By ABCOV Companies , LLC

  • Asbestos: A final chapter?

    In mid-June, U.S. Bankruptcy Judge Judith Fitzgerald of the Western District of Pennsylvania in Pittsburgh is scheduled to convene her court and hold confirmation hearings on a complex, $1 billion reorganization plan for Federal-Mogul Corp., the ...

  • DaimlerChrysler Launches Dr. Gag Campaign

    Here’s a question for Dr. Z: Why are you trying to prevent the news media from covering a high-profile asbestos trial? DaimlerChrysler, the auto company represented in TV commercials by its chairman, Dieter Zetsche a.k.a. 'Dr. Z', moved yesterday for a gag order to stop an Oakland law firm from fielding calls from the press, including Legal Pad’s sister publication The Recorder. The gag motion ...

  • Guest Editorial: Pushing Tort Reform to the Forefront

    The daunting costs of uncontrolled tort claims beg the need for tort reform. The need for tort reform legislation has reached a new level of urgency. A few facts explain why. The “elephantine mass” to which U.S. Supreme Court Justice Souter likened asbestos litigation shows no sign of receding. Indeed, the mass continues to feast on an orgy of claims – over 60 companies have sought bankruptcy ...


    By Bergeson & Campbell, P.C.

  • Absestos Firm Pins Hope to an RV off eBay

    On weekends, or whenever Simona Farrise finds time, she likes to go bargain-hunting on eBay and at garage sales near her home in the Oakland hills. She once picked up a 60-year-old occupational safety manual, a document the lawyer later used in civil trials to show that American auto companies long ago knew—or should have known—about health hazards caused by asbestos exposure. Farrise paid 50 ...

  • Asbestos management goes digital - Mobile solutions for asbestos tracking

    Compliance with new regulations is nearly impossible using only paper-based systems, especially for owners of large numbers of buildings. A critical component of any asbestos management strategy is the effective application of technology – but selection and implementation of systems can mean a large investment of both time and money. The objective of this article is to provide an explanation of ...


    By Basebridge.com Limited

  • The ABCOV® Method of Non-Thermal Asbestos Destruction

    The ABCOV® Method destroys asbestos with a non-thermal, United States Federal Environmental Protection Agency approved, chemical-physical process that: Eradicates Asbestos from the Environment; Stops Human Exposure to Asbestos; Provides Efficient and Cost Effective Asbestos Destruction; Eliminate Landfill ...


    By ABCOV Companies , LLC

  • How long is my Phase I ESA, Transaction Screen or BEA good for?

    Duration of Reports & Validity of Environmental Due Diligence Reports In an ideal world, environmental due diligence reports would be like honey or soy sauce and last for many years.  Since shelf-life varies on reports, you need to be aware of the limitations and risks of using old or outdated information for current real estate transactions.  Below, we outline the ...


    By PM Environmental

  • The New Environmental Insurance Products: When Does it Make Sense to Buy Them?

     Part One Introduction Real estate transactions with environmental problems often founder on attempts to shift the liabilities from one party to the other. In transactions with other types of problems, insurance is a popular risk transfer mechanism,  and is regularly used for that purpose, but it is used far less often when there are environmental risks. This so-called ...

  • The Trouble with Asbestos Disposal

    Hailed as a miracle mineral because of its superior fire resistance and tensile strength, asbestos was installed abundantly into our built environment for over 200 years. However, once it was established that this undeniably useful resource was a dangerous carcinogen, Australia and many other countries enacted strict regulations for handling asbestos and asbestos containing material (ACM). There ...


    By ABCOV Companies , LLC

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