Quote:
Originally Posted by kddani
I wrote a long post dissecting his asbestos example, but decided that it was too incoherent to post and more of a personal rant about what I see in my pratice. Suffice to say, I find the information inaccurate. In many areas of the country (possibly all- I can only speak for my state and surrounding states that I am knowledgeable of) asbestos lawsuits are not brought on a class action basis. Perhaps he saw a grouping of plaintiffs (which is common for administrative purposes- i.e. conducting discovery, case management orders, etc.) and thought that meant class action.
I could go on and on and type a few pages on this, but i'm making myself quit. Lol.
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If you still have the post, would you PM it to me? I would like to read it.
Keep in mind I am approaching this from a finance perspective. And I am also referring to a very specific set of cases that arose with 2 companies in a specific part of the country that were filed in 4 adjoining states. These were filed as class action suits unless I am not understanding the term correctly. There were long lists of existing plaintiffs, but also documentation of the outreach to potential plaintiffs to join in the action.
I cannot speak for asbestos in general by a long shot- just those specific cases on which I did extensive work. Given how many cases there are in varying industries with varying types and degrees of exposure- I wonder if anyone can be a true authority on the subject. My line of work rarely delves into the legal arena, so I can only speak to that which I have seen personally.