And yet the asbestos cancer, asbestosis and asbestos mesothelioma lawsuits keep coming based upon exposures to asbestos fibers or asbestos dust dating back three decades. Asbestosis, asbestos cancer and notably mesothelioma, which affects the outer lining of the lungs and internal organs – can incubate for some thirty years and remain undetected before suddenly emerging into disease for which there is no, known cure.
The World Health Organization estimates there are some 107,000 deaths each year due to asbestos exposure and asbestosis disease.
Pundits note that for the most part corporate America tends to put their efforts into limiting asbestos and asbestosis disease liability, rather than going the extra mile to protect workers.
The class action against Halliburton was brought by investors who claimed Halliburton misled plaintiffs and investors as to the extent of Halliburton’s asbestos liability. Investors claimed that Halliburton artificially inflated its stock price by downplaying, and misstating Halliburton’s liability with regard to asbestosis claims and asbestosis compensation.
The long-running securities class action was in limbo pending an appeal. However the proposed settlement parks the pending appeal, which will be voided if the lower court accepts the settlement deal valued at $100 million. Halliburton would pay a little more than half that amount directly, or about $54 million, with the remainder covered by insurance policies.
The settlement is little solace for asbestos workers, and former workers felled or sickened by asbestosis lung disease without knowing the true risks, or given the opportunity to protect themselves and their families from the dreaded disease. Workers have been known to wear their asbestos-laden work clothes home. In rare cases other family members, such as those charged with the task of laundering asbestosis-infected work clothes and uniforms, have died from asbestosis disease.
An op/ed piece published in the Edmonton Journal (01/06/17) suggests concern about asbestos has been around since Roman times. The earliest documented case of concern, according to David R. Boyd and Will Amos, is a reported published by the British government in 1898 warning that inhaling asbestos dust was killing workers in the UK.
Twenty years later, in 1918 a statement issued by the Prudential Life Insurance Company opined that “in the practice of American and Canadian life insurance companies, asbestos workers are generally declined on account of the assumed health-injurious conditions of the industry.”
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The first lawsuits against asbestos manufacturers were filed in 1929, or so say the authors: Will Amos is an environmental lawyer and Liberal Member of Parliament for the riding of Pontiac in Quebec, while David R. Boyd is an environmental lawyer and adjunct professor in Resource and Environmental Management at Simon Fraser University.
Canada has announced a comprehensive ban of asbestos by 2018. That’s little comfort for any workers suspecting an exposure to asbestos dating back 30 years to 1988 or earlier, and waiting for the other shoe to drop: asbestosis lung disease.
The Halliburton lawsuit is Erica P. John Fund Inc. v. Halliburton Co., Case No. 3:02-cv-01152, in the US District Court for the Northern District of Texas.