The Ohio Senate today is scheduled to consider a bill that would end the secrecy surrounding trusts set up by bankrupt companies to pay out asbestos claims.

FORBES: Ohio Bill Would End Secrecy Over Asbestos Claims

The suit illustrates a pattern defense lawyers have complained bitterly about, in which plaintiffs first tap trusts set up by bankrupt asbestos manufacturers, then pursue solvent companies without disclosing prior payments.

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Instead, the studio, Twentieth Century Fox, not only capitulated to the then-unheard-of amount, but also gave into all of her other on-set demands and subsequently almost went bankrupt.

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In a defined-benefit world, professional managers pooled billions, managed money prudently under fairly strict federal laws and money was set aside for retirees unless those companies went bankrupt or pilfered the pension funds, which they did with increasing frequency starting in the 1980s.

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