August 15, 2006
No Inventory Settlements in Michigan Asbestos Cases
Via Point of Law, the Michigan Supreme Court has barred the use of inventory settlements in asbestos cases -- putting low-value cases together with high-value cases in settlement discussions. Inventory settlements are a substantial problem in pharma mass tort cases as well, with non- or minor-injury cases making up the bulk of the inventories.
The administrative order, which is effective immediately but has a comment period through December 1, is here [PDF].
TrackBack URL for this entry:
Listed below are links to weblogs that reference No Inventory Settlements in Michigan Asbestos Cases:
That's going to hurt the defense in terms of money and the plaintiff in terms of time. The only ones who will probably be happy are the plaintiffs with the low value cases who will probably make out better now.
Posted by: Bill | Aug 15, 2006 11:22:57 AM