000			03330cam a22004338a 4500
001			16884624
003			RAND
005			20200811100750.0
008			110722s2011 caua b 000 0 eng d
020			_a0833058347 (pbk. : alk. paper)
020			_a9780833058348 (pbk. : alk. paper)
027			_aRAND/MG-1104-ICJ
037			_c$27.50 _fpaperback
040			_aCstmoR _cCstmoR
043			_an-us-ca _an-us-il _an-us-ny _an-us-pa
050	0	0	_aKF1530.R3 _bD594 2011
100	1		_aDixon, Lloyd S. _eauthor.
245	1	0	_aAsbestos bankruptcy trusts and tort compensation / _cLloyd Dixon, Geoffrey McGovern.
264		1	_aSanta Monica, CA : _bRAND, _c2011.
300			_axix, 89 pages : _bcolor illustrations ; _c26 cm
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
337			_aunmediated _bn _2rdamedia
338			_aonline resource _bcr _2rdacarrier
338			_avolume _bnc _2rdacarrier
504			_aIncludes bibliographical references (p. 85-89).
505	0		_aIntroduction -- Linkages between the trusts and tort cases in six states -- Potential effects of trusts on total plaintiff compensation and payments by defendants that remain solvent -- Conclusion -- Appendix A: Background on liability standards -- Appendix B: Liability rules and court procedures relevant to asbestos bankruptcy trusts in six states.
520			_aPayments by asbestos bankruptcy trusts have played an increasingly important role in compensating asbestos injuries and have become a matter of contention between plaintiff and defense attorneys. At issue is how tort cases take into consideration compensation paid by trusts and the evidence submitted in trust claim forms. This monograph examines how such evidence and compensation are addressed by state laws and considered during court proceedings. It also examines how the establishment of the trusts potentially affects plaintiff compensation from trusts and the tort system combined, payments by defendants that remain solvent, and the compensation available to future, as compared to current, plaintiffs. The authors find that the potential effects of trusts’ replacement of once-solvent defendants are very different in states with joint-and-several liability than in states with several liability. In states with joint-and-several liability, total plaintiff compensation should not change. In several-liability states, the replacement of once-solvent defendants by trusts can cause total plaintiff compensation to increase, decrease, or remain unchanged. The findings underscore the importance of information on plaintiff exposure to the products and practices of the bankrupt firms in determining the trusts’ effects on plaintiff compensation and on payments by defendants that remain solvent.
530			_aAlso available on the internet via WWW in PDF format.
650		0	_aAsbestos _xLaw and legislation _zUnited States.
650		0	_aBankruptcy trustees _zUnited States.
650		0	_aCompensation (Law) _zUnited States.
650		0	_aPersonal injuries _zUnited States.
650		0	_aToxic torts _zUnited States.
650		0	_aTrusts and trustees _zUnited States.
700	1		_aMcGovern, Geoffrey. _eauthor.
710	2		_aInstitute for Civil Justice (U.S.)
710	2		_aRand Corporation.
856	4	1	_yOnline Access _uhttp://www.rand.org/pubs/monographs/MG1104.html
999			_c596988 _d596988