A Senate committee on Thursday approved long-stalled legislation that would shield manufacturers and insurers from asbestos lawsuits. The measure would create a $140 billion trust fund to compensate people sickened by exposure to asbestos, a fibrous mineral commonly used until the mid-1970s in insulation and fireproofing material. Several Republicans on the Judiciary Committee plan to oppose the legislation when it reaches the full Senate.
May 27, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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