Bankrupt Defendants

Since the first major bankruptcy filing by Johns-Manville Corp., in 1982, nearly 70 companies that either made or installed asbestos insulation or that sold or used products containing asbestos have filed for bankruptcy.

Since the beginning of 2000, at least 40 companies have filed for bankruptcy protection.

(Click Here for a List Bankrupt Manufacturers)


From Roger Worthington


Los Angeles Times, December 18, 2001

A series of multi-million-dollar jury awards to victims of asbestos exposure in recent months is sending shock waves through corporate America, contributing to several major bankruptcy filings and warnings of massive future damages.

The wave of new litigation and a surge in the number of people reporting exposure are a blunt reminder that the asbestos problem, a largely forgotten product liability mess of the 1980s, has not gone away. More...


Wednesday August 15, 2001

All major U.S. asbestos makers are likely to be bankrupt within the next two years as people with asbestos-related ailments continue to file injury and compensation claims against the companies, a study published on Wednesday said. More ...


Additional Information:

Just as the ongoing epidemic of asbestos-caused mortality and injury has been overshadowed by the controversy over litigation, the origins of asbestos lawsuits have been buried beneath claims that litigation has "bankrupted" dozens of large U.S. companies, and that Congress must put an end to asbestos litigation in order to protect more companies from going bankrupt in the future. More...

Owens Corning


Flintkote


United Stated Gypsum


3M


Automobile/Friction Product Manufacturers


Combustion Engineering


J.T. Thorpe

  • J T Thorpe Co. Files Prepackaged Chapter 11 Reorganization Plan (11/20/02)


A.P. Green, Harbison Walker Company


Kaiser Aluminum


North American Refractories


Federal Mogul


U.S. Mineral


U.S. Gypsum


W.R.Grace


Against Backdrop of Rash of Chapter 11 Bankruptcies, Time to Consider Legislation That Preserves Right of Access to Courts for Malignancy/Disabled Asbestos Victims. (12/4/00)