Friday, March 23, 2012

More than 100 class action suits threaten the future of family business

"Lawsuits around in this country right now, if it keeps going on the way it is, it will just devastate the country and the economy. The economy's already bad, and it would make it worse." Mike Carter Monroe, Louisiana In the last five years, Monroe Rubber and Gasket -- a family business in Monroe, Louisiana -- has been sued in more than 100 asbestos suits by over 2000 plaintiffs. More than a decade ago, the business ordered a material containing encapsulated asbestos for customers who requested it. Encapsulated asbestos fibers are treated with a coating intended to prevent airborne release. The materials Monroe Rubber and Gasket handled are still legal, and tests showed that no harmful dust had been released into the air. But that did not stop Monroe Rubber and Gasket from being sued. "I didn't quite understand why we were receiving these [lawsuits] based on what we do here," said owner Mike Carter. Over the past five years, asbestos class action and mass action lawsuits have become notorious for fraud and abuse. Judges and others have exposed scams by which plaintiffs' lawyers conduct assembly line mass medical screenings, lump hundreds of healthy people into a class with only a few sick plaintiffs, and sometimes falsify medical diagnoses. A number of fraudulent medical screeners have even been banned from work on these cases. Now that many companies responsible for asbestos are bankrupt, plaintiffs' lawyers are filing lawsuits against businesses like Monroe Rubber and ...



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