“Attention mesothelioma victims!” may be a familiar line you’ve heard on your television in between your favorite shows. Mesothelioma is a serious form of cancer mainly caused by inhaling asbestos and has caught the attention of lawmakers lately.
According to a U.S. government report, companies have set aside more than $30 billion for victims of mesothelioma since the 1980s. In fact, asbestos lawsuits have played a role in approximately 100 companies going bankrupt. One such company is a gasket manufacturer called Garlock. As part of its $1 billion bankruptcy case, a judge has slashed what the manufacturer owes asbestos victims after learning that the victim's lawyers abused the system.