Knowing what questions to ask a mesothelioma lawyer can also be tough. Your attorney should represent
you with integrity and compassion. Here are the 5 most important questions to ask a mesothelioma lawyer:
1. Will your firm handle my case or will you refer it elsewhere? Some firms don’t specialize in bringing
mesothelioma cases to trial, and will therefore refer your case to another firm for a share of the
attorneys fees if the case is successful.
2. What is your firm’s experience with a case like mine? This is one of the most important questions to ask
a mesothelioma lawyer. Make certain the firm specializes in mesothelioma cases and can demonstrate
their experience such as the number of cases tried and won, the amount of cases they’ve tried vs. the
cases they’ve settled and the amounts recovered. Make sure you’re comfortable with their experience.
3. How much and when will I have to pay for your representation? Most mesothelioma cases are taken on
a contingency basis. This means that you don’t have to pay anything unless your case is successful.
Your attorney will likely charge a percent of the recovery, and may also charge for other expenses and
fees. Mesothelioma cases can takes months or even years and can be very expensive to prepare and
try. Be sure you fully understand what you’ll have to pay before you sign.
4. What does the process involve? Most attorneys will gladly detail the process of preparing and trying
your case, as well as when and how you will need to be involved.
5. Can your firm handle my appeal if necessary? Some cases are appealed, and it is recommended you
choose a mesothelioma attorney that can also handle an appeal should one become necessary.
When asking the 5 most important questions to ask a mesothelioma lawyer, make certain your attorney is patient and answers the questions to your satisfaction.
Source
Monday, August 31, 2009
Monday, August 17, 2009
Company Allots Finances for Asbestos Lawsuits
Cooper Industries, Ltd. announced that they will be contributing $130 million and 1.4 million shares of their stock to a trust specifically set up for insurance claims dealing with asbestos poisoning. The company owned Federal Mogul, a car parts company that used asbestos in certain car parts until the damaging effect of the poison was observed.
In a move to prevent bankruptcy and litigation, Cooper Industries, Ltd. started to form a trust in which stock and cash contributions will be allotted for insurance and lawsuit finances. Cooper Ltd. sold the parts company to Federal Mogul, a car parts company which used asbestos in their brake pads and linings. Smaller companies were bought and absorbed by Federal Mogul, implementing the asbestos parts in the production lines of those companies. In the face of multiple lawsuits over the asbestos-filled parts at the acquired companies, Federal Mogul filed bankruptcy in 2001.
The motion states that Federal Mogul, Cooper Industries Ltd. and Abex, a brake making company affiliated with Federal Mogul, will contribute to the trust cash and stock every business quarter. More than 38,000 outstanding claims are still pending against Abex, making Abex a large contributing factor to the 365,000 claims against Federal Mogul. Once the company emerges from their filed bankruptcy, Cooper Ltd. will step in and contribute the first $130 million to the trust. It expects to contribute more than $20 million a year for 25 years in order to facilitate future claims.
A New York based company, M&F Worldwide Corp., will be contributing to the trust as well. M&F is a producer of sweeteners and tobacco additives, but is tied to the lawsuits through their Pneumo Abex LLC unit, which sold the brake company to Cooper Ltd. The first contribution is expected to amount to more than $10 million.
Source
In a move to prevent bankruptcy and litigation, Cooper Industries, Ltd. started to form a trust in which stock and cash contributions will be allotted for insurance and lawsuit finances. Cooper Ltd. sold the parts company to Federal Mogul, a car parts company which used asbestos in their brake pads and linings. Smaller companies were bought and absorbed by Federal Mogul, implementing the asbestos parts in the production lines of those companies. In the face of multiple lawsuits over the asbestos-filled parts at the acquired companies, Federal Mogul filed bankruptcy in 2001.
The motion states that Federal Mogul, Cooper Industries Ltd. and Abex, a brake making company affiliated with Federal Mogul, will contribute to the trust cash and stock every business quarter. More than 38,000 outstanding claims are still pending against Abex, making Abex a large contributing factor to the 365,000 claims against Federal Mogul. Once the company emerges from their filed bankruptcy, Cooper Ltd. will step in and contribute the first $130 million to the trust. It expects to contribute more than $20 million a year for 25 years in order to facilitate future claims.
A New York based company, M&F Worldwide Corp., will be contributing to the trust as well. M&F is a producer of sweeteners and tobacco additives, but is tied to the lawsuits through their Pneumo Abex LLC unit, which sold the brake company to Cooper Ltd. The first contribution is expected to amount to more than $10 million.
Source
Monday, August 3, 2009
Mesothelioma Lawsuit
An individual, who has been affected by mesothelioma cancer, should be careful to choose an attorney, lawyer or law firm who has proven experience in the mesothelioma arena. One way to check on the competency of a mesothelioma attorney, lawyer or law firm is to view the attorney's mesothelioma settlement record.
A mesothelioma settlement can range from hundreds of thousands of dollars to many millions. For more information on mesothelioma settlements or how to choose a good mesothelioma lawyer visit our Mesothelioma settlements site.
A settlement for asbestos exposure leading to mesothelioma often depends on several factors including product identification by the injured and the lawyer. An experienced mesothelioma attorney or lawyer will know what is likely to have been the cause of the asbestos exposure which led to the mesothelioma diagnosis.
When products and manufacturers are identified the attorney or lawyer will need to ascertain the solvency of the companies. Once solvent sources are located, the attorney will need to enter into settlement negotiations with the various entities.
Our Mesothelioma site was set up so victims of mesothelioma cancer would have a qualified lawyer and a friendly attorney with whom they could discuss the value of their mesothelioma case. When there is a lack of identification of specific asbestos producing products, the value of the ultimate settlement can be affected. An experienced mesothelioma attorney, lawyer or law firm may be able to help in this situation by reviewing a list of past cases to see if there was a previous mesothelioma case at a particular facility. This often aides the injured's family, as well as the lawyer, in finding out the cause of the asbestos exposure which ultimately led to the diagnosis of mesothelioma.
Source
A mesothelioma settlement can range from hundreds of thousands of dollars to many millions. For more information on mesothelioma settlements or how to choose a good mesothelioma lawyer visit our Mesothelioma settlements site.
A settlement for asbestos exposure leading to mesothelioma often depends on several factors including product identification by the injured and the lawyer. An experienced mesothelioma attorney or lawyer will know what is likely to have been the cause of the asbestos exposure which led to the mesothelioma diagnosis.
When products and manufacturers are identified the attorney or lawyer will need to ascertain the solvency of the companies. Once solvent sources are located, the attorney will need to enter into settlement negotiations with the various entities.
Our Mesothelioma site was set up so victims of mesothelioma cancer would have a qualified lawyer and a friendly attorney with whom they could discuss the value of their mesothelioma case. When there is a lack of identification of specific asbestos producing products, the value of the ultimate settlement can be affected. An experienced mesothelioma attorney, lawyer or law firm may be able to help in this situation by reviewing a list of past cases to see if there was a previous mesothelioma case at a particular facility. This often aides the injured's family, as well as the lawyer, in finding out the cause of the asbestos exposure which ultimately led to the diagnosis of mesothelioma.
Source
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