AUTOMAKERS
August 1st, 2002
BY PHILIP FINE
US automakers have hit a setback in their attempt to stave off soaring
legal
costs over thousands of asbestos-related lawsuits.
An appeals court in Philadelphia has thrown
out a request by several companies to be named as 'related parties'
in the bankruptcy of auto-parts maker Federal-Mogul Global Inc. - one of
several dozen companies driven into bankruptcy by asbestos litigation.
The automakers had hoped that by being added to the case they could
consolidate their asbestos lawsuits before a single bankruptcy judge.
Thousands of auto mechanics and ...
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