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Understanding Asbestos Litigation: The Genesis, Scope, and Impact

Thursday January 2003

2003 is likely to be a year when the Congress pays serious attention to the unprecedented scope and growth of asbestos litigation. This conference will present newly completed research, some of it not released prior to the briefing. It will be particularly useful for policymakers and representatives of the media who would benefit from a solid understanding of the contours, impact, and likely future of asbestos litigation.

8:15 A.M. - 8:45 A.M. Breakfast
8:45 A.M. - 9:00 A.M. Welcoming Remarks
James Wootton, President, Institute for Legal Reform, U.S. Chamber of Commerce
Judyth Pendell, Senior Fellow, Center for Legal Policy, Manhattan Institute
9:00 A.M. - 10:45 A.M. Research Presentations
Dr. Deborah Hensler, Dr. Stephen Carroll, Institute for Civil Justice, RAND
“Asbestos Litigation: Costs and Compensation”
Dr. Jonathan Orszag, Sebago Associates
“The Impact of Asbestos Liabilities on Workers in Bankrupt Firms”
Dr. Jesse David, National Economic Research Associates
“Secondary Impacts of Asbestos Liabilities”
10:45 A.M. - 11:30 A.M. Reactions
Judyth Pendell, Moderator
Professor Paul Rothstein, Georgetown Law School, Economist (invited)
Honorable Dean Trafelet (ret.), Circuit Court of Cook County, Illinois