Lawsuits and claims filed by malignant mesothelioma victims and others who have suffered serious diseases as a result of exposure to asbestos are continuing to result in huge payoffs from large businesses and insurance companies.
Mesothelioma is the most common of these cancers and develops after a victim unknowingly inhales airborne, microscopic fibers, usually in a workplace environment which provides legal grounds for negligence and other allegations.
Although the dangers of asbestos exposure have been long known and strict laws governing the use, handling and disposal of the toxic material have been in place since the 1970s in the United States there continues to be a huge amount of mesothelioma lawsuits in our courts. Read more here.
Most consumers are unaware that billions of dollars have been paid out in settlements and jury awards to mesothelioma victims and their loved ones and that billions more have been set aside for future compensation over these claims and lawsuits.
These figures can have a huge impact in the financial market, where such figures are frequently reported in the public financial statements that are posted.