Budget Limits Old Asbestos Claims

2009-07-10 06:00:49 (GMT) (WiredPRNews.com - Health & Fitness, Mesothelioma Asbestos, Press Releases)

A Wisconsin state budget reportedly contains provisions that limit older claims against merged companies.

Mesothelioma Cancer News (La Crosse, Wisconsin) – A Wisconsin two-year budget reportedly contains provisions that disallow plaintiffs to bring claims against companies that merged with smaller ones prior to 1972 that previously manufactured asbestos.

As noted in the report, the budget, signed early this week by Gov. Jim Doyle, will reportedly benefit the La Crosse based Crown Beverage Packaging plant, which has had to pay an estimated $600 million in asbestos claims due to the purchase of Mundet Cork Co., which previously produced asbestos products, in 1963.

Rep. Jennifer Shilling of La Crosse is quoted in the report as stating of the measure, “The language was narrowly targeted… Companies that made asbestos products would not escape liability.” Over 200 jobs at Crown will reportedly be protected as a result of the budget provision.

Mesothelioma Cancer News provides news and information on Wisconsin Mesothelioma Cancer Lawyers