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Asbestos Litigation
Asbestos litigation is the longest-running mass tort litigation in U.S. history. Through 2002, approximately 730,000 individuals who had been exposed to asbestos have brought claims against some 8,400 business entities, and almost as many more future claims are likely. Defendants and insurers have spent a total of $70 billion on asbestos litigation through 2002, more than half of which was consumed by claimants’ and defendants’ litigation expenses. This monograph, the most comprehensive description to date of asbestos litigation, builds on previous RAND briefings, providing more detailed analyses and updating data to summer 2004. The authors report on what happened to those who have claimed injury from asbestos, what happened to the defendants in those cases, and how lawyers and judges have managed the cases, with an overall focus on how the litigation system has been performing in resolving asbestos claims.
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Paperback Cover Price: $20.00
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Pages: 206
ISBN/EAN: 0-8330-3078-7
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Contents
Chapter One:
Introduction
Chapter Two:
Injuries from Asbestos Exposure
Chapter Three:
Asbestos Litigation Dynamics
Chapter Four:
Claimants and Defendants
Chapter Five:
Costs and Compensation
Chapter Six:
Bankruptcies
Chapter Seven:
Implications for the Future
Appendix A:
Comparison of Projections of Asbestos-Related Diseases
Appendix B:
Estimated Cases of Mesothelioma in the United States, 1985-2009
Appendix C:
Constructing the Jury Verdict Database
Appendix D:
Major Asbestos Bankruptcies
The research described in this report was conducted by the RAND Institute for Civil Justice, a unit of the RAND Corporation.
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