Mesothelioma Asbestos News

June 27, 2003
Senate Agreeing to Asbestos Trust Increase
The Senate panel has agreed to increase the size of the asbestos trust to an amount as high as $153 billion to end all asbestos lawsuits. The main disagreement regarding the asbestos fund would be what types of payments will be made to asbestos exposed people that are now suffering deadly diseases as a result. If the trust passes, the asbestos settlement will be the second largest of all time following the tobacco settlement in 1998.

By increasing the amount of the asbestos trust, many people in supports of it passing are hoping it will allow the trust to have adequate funds for all the people suffering asbestos related diseases to recover money, including mesothelioma and asbestosis. The fund proposes that up to $750,000 will be paid to asbestos victims, with the largest sums of compensation going to mesothelioma sufferers. Individual mesothelioma lawsuits have awarded asbestos exposed victims up to $250 million. Mesothelioma is a fatal cancer linked only to asbestos exposure.

If you, or someone you know, has been affected by asbestos exposure and would like to know the legal rights involved, please feel free to contact an Asbestos Lawyer.