Published Article
Asbestos Trusts’ Records Purge Threatens Claims Process
The long-running effort by government, asbestos tort defendants, and bankruptcy debtors to obtain a meaningful level of visibility into the multibillion-dollar asbestos bankruptcy trust compensation system, was challenged recently by announcements from 11 trusts. On January 15, these trusts filed notices updates to their record retention policies—including procedures for the destruction of legacy data and documents related to claims paid or otherwise resolved.
