That's what happened in mass-tort settlements involving asbestos, Vioxx, fen-phen and other products, where lawyers cleverly bundled hundreds or even thousands of claims that might not stand a good chance in court with a few that threatened blockbuster verdicts.

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This producer of fiberglass and other building products was sent into bankruptcy by asbestos lawyers.

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In a hearing scheduled for mid-January, Bernick will try to persuade a Delaware bankruptcy judge to value as worthless tens of thousands of claims stemming from lawsuits against Grace, which used asbestos in spray-on fireproofing and Zonolite insulation and other fireproofing products.

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