Missouri could be the next state to adopt so-called asbestos claims transparency laws that could have a tremendous impact on the legal rights of victims struck by a mesothelioma diagnosis due to a manufacturer’s negligence. While supporters of the bill tout the legislation’s cost savings and ability to preserve asbestos bankruptcy trusts for future claims, the reality is that the law would force claimants to disclose sensitive information and make it more difficult to recover much needed compensation.
A set of bills, House Bill 333 and Senate Bill 347, are currently working their way through both houses of the Missouri state legislature but face a deadline at the end of May when legislators recess for the year. However, even if the bill fails to pass this legislative term, many legal experts studying the issue believe the Missouri state legislature would take up the issue early in the next session and eventually adopt the provisions.
Like many other similar pieces of legislation in Ohio, West Virginia, Tennessee, Mississippi, Wisconsin, Iowa, Oklahoma, Texas, North Dakota, South Dakota, Arizona, and Utah, the Missouri Asbestos Claims Transparency Law would require cancer victims filing claims with asbestos bankruptcy trusts to disclose whether they have filed claims or lawsuits with other parties. The focus on asbestos bankruptcy trusts comes after defense attorneys in a federal asbestos cancer lawsuit alleged that unscrupulous asbestos plaintiffs lawyers somehow manipulated claims, and thereby the system, to enrich themselves.