The trusts lawyers set up to pay the asbestos claims of bankrupt companies are platforms for “institutionalized fraud,” a former plaintiff lawyer says, thanks to lax rules that allow claimants and their relatives to obtain money without firm evidence they were ever actually exposed to asbestos. With lists of work sites and asbestos product names conveniently provided online and no process for verifying most reports of exposure, attorney Thomas M. Wilson says, the trusts are virtual factories for processing claims that wouldn’t pass muster in court.
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