In legal terms, “liability” refers to an individual’s responsibility for the consequences of their actions. Asbestos exposure liable parties include any individual, corporation or legal entity whose negligence caused the victim to exposed to asbestos, resulting in a life-threatening medical condition.
Manufacturers of Asbestos Products
Manufacturers of asbestos products are frequently held liable for the decision to use asbestos as a raw material when creating products for mass distribution. Since no company would, for instance, release a soft drink beverage that contained high amounts of the poison cyanide knowing that it would likely cause death, the decision to create and distribute products containing the known carcinogen asbestos would present a similar liability risk.
Manufacturers who have become bankrupt since the incident of asbestos exposure can still often be held liable under their new company owners or through asbestos trust funds they left behind.
Known manufacturers of asbestos products include:
- Owens Corning – Asbestos “rock wool” insulation and insulation board
- Zonolite – Loose fill attic insulation made from vermiculite and asbestos
- National Gypsum Company – Rigid framing boards and insulation products containing asbestos
- Combustion Engineering – Boilers and industrial equipment often made with asbestos lining
Employers Liable For Asbestos Exposure
Employers who knowingly subjected employees to asbestos exposure without warning them of the dangers of asbestos exposure and providing the needed protective equipment can face liability for their actions. High-risk occupations with a high probability of causing asbestos exposure include:
- Maritime and Naval Work
- Ship building
- Pipe fitting
- Industrial manufacturing
Insurers will often become defendants in asbestos injury cases as they attempt to dispute claims or negotiate in bad faith settlement amounts on behalf of the liable parties they insure and represent.
Owners of Premises with Asbestos
Building owners and proprietors often have a duty of care to discover and avert dangers that could pose health risks to building occupants, visitors and tenants.
Bankruptcy Trusts for Asbestos Exposure Liable Parties
Since many asbestos exposure incidents happened from the 1950s to the early 1980s, many of the liable businesses have since been acquired by other companies or become bankrupt as a result of asbestos settlements.
However, many companies still face liability in the face of asbestos injury claims. To shield themselves and their assets from direct access to their holdings, they established bankruptcy trusts under the 524(g) procedure. Through these bankruptcies billions of dollars in asbestos trust funds have been made available for victims of asbestos exposure.
Contact Mesowatch immediately for a free and confidential case evaluation. Our goal is to hold each and every possible defendant liable for your asbestos exposure and recover full and complete compensation through the lawsuit process and recovery of asbestos bankruptcy trust funds for your case.
If you or someone you know have been diagnosed with asbestos-related cancer, contact Mesowatch today. You will receive immediate assistance and a free, confidential case evaluation. You will also connect with our nationwide team of asbestos lawyers, who can identify all liable parties in order to quickly pursue the maximum possible compensation for your losses.