Dear Members of the Legislature:
Please consider contacting Sen. Glenn Grothman and Rep. Andre Jacque to co-sponsor LRB-0002, which will ensure greater transparency in lawsuits involving personal injury trusts.
Over the past few decades numerous manufacturers established trust funds to compensate victims, including those harmed by asbestos. Unfortunately, some plaintiff attorneys have exploited these trust funds through “double dipping” – receiving payouts from one or more trusts and then suing solvent companies that may only have had a peripheral involvement with asbestos.
LRB-0002 would address this potential fraud by requiring greater transparency during the discovery process when a plaintiff files a lawsuit against a solvent business. LRB-0002 does not take away a victim’s ability to be properly compensated.
Attached is a recent Wall Street Journal editorial which discusses a similar law that was recently enacted in Ohio. Wisconsin should follow Ohio’s lead by introducing and passing a similar law.
Please consider co-sponsoring LRB-0002, the Personal Injury Trust Claims Transparency bill.
Sincerely,
Jason Culotta
Director of Tax & Transportation Policy
Personal Injury Trust Claims Transparency – Cosponsorship of LRB-0002
Share:
LOOKING FOR MORE NEWS?
Nick Novak
For more information or to schedule an interview, please contact
Nick Novak | Vice President Communications & Marketing | 608.258.3400
NEWS
Related Posts
WMC Opens Nominations for Business Friend of the Environment Awards Program
Nick Novak
April 22, 2024
MADISON – Wisconsin Manufacturers & Commerce (WMC) – the combined state chamber and manufacturers’ association – opened nominations for its annual Wisconsin Business Friend of
WMC’s Scott Manley on Veto Lawsuit
Nick Novak
April 18, 2024
https://www.youtube.com/watch?v=dymu9U-DoJo On Tax Day, WMC Litigation Center announced its lawsuit on behalf of two Wisconsin taxpayers challenging Gov. Evers’ 400-year veto. In the most recent
WMC Sues over 400 Year Property Tax Increase
Nick Novak
April 16, 2024
WMC Litigation Center is representing taxpayers in a lawsuit aimed at a veto from Gov. Evers that resulted in a 400-year property tax increase. “We’re
Scott Manley on Biden Administration’s New Emission Standards
Kristen Nupson
April 5, 2024
https://www.youtube.com/watch?v=NDqEr0VTJoE After the announcement of the Biden Administration’s new emission standards being applied to long-haul and large vehicles, WMC’s Scott Manley joined Vicki McKenna to