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  • WSJ: An Asbestos Exit Finally, a way oiut of this legal morass.

    11/17/2004 5:51:45 AM PST · by OESY · 11 replies · 506+ views
    Wall Street Journal ^ | November 17, 2004 | Editorial
    ...For years trial lawyers have so dominated this legal arena that the companies they sued have taken to collaborating with their persecutors -- just to be put out of their misery. Some 70 of these firms are in bankruptcy, many of them willing partners in a racket that hands most of their assets to the tort bar and the 90% of plaintiffs who aren't ill, while the truly sick waste away in an overcrowded court system. Yet there are a few hopeful signs. Most concrete is Ohio's decision to pass the first statewide reform demanding that plaintiffs meet certain medical...