Successor Asbestos-Related Liability Fairness Act; created. (HB142)

Introduced By

Del. Terry Kilgore (R-Gate City) with support from co-patrons Del. Clay Athey (R-Front Royal), Del. Anne Crockett-Stark (R-Wytheville), Del. Beverly Sherwood (R-Winchester), and Sen. Bill Carrico (R-Grayson)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Virginia Successor Asbestos-Related Liability Fairness Act; created. Creates the Virginia Successor Asbestos-Related Liability Fairness Act, which establishes limits on the liability of successor corporations for asbestos-related claims that have been assumed or incurred through merger or consolidation with another corporation. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
12/21/2007Committee
12/21/2007Prefiled and ordered printed; offered 01/09/08 088364588
12/21/2007Referred to Committee for Courts of Justice
01/17/2008Assigned Courts sub: Civil
02/12/2008Left in Courts of Justice

Comments

Star Womanspirit writes:

Why is it okay to allow the victim, the injured party, to take the financial hit?

This just continues the mandate that corporations aren't responsible to anyone for anything except making profits for their stockholders.

Bad bill....leave this to the courts and stop taking so much corporate lobbyist's money....