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American Memory
January 27, 2005
Taking on the Asbestos Trial Lawyers by Dick Armey
Over 8,400 companies accounting for 85% of GDP have been targeted by asbestos lawyers. American companies have paid over $80 billion for asbestos lawsuits. Experts predict those costs could grow to $265 billion or more. Worst of all, studies show that only 43 cents of every dollar spent on asbestos litigation goes to victims. The rest goes to transaction costs and trial lawyer fees - fees they will use to manufacture new causes of action and fund new junk lawsuits.
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