California Court Largely Affirms Application Of Setoffs To $5M Asbestos Verdict
(August 21, 2015, 1:47 PM EDT) -- LOS ANGELES — An asbestos defendant’s proposal that liability be used to calculate offsets for pre-verdict settlements “is completely at odds” with state precedent, a California appeals panel held Aug. 20 in also affirming 50-50 split of asbestos settlement proceeds between personal injury and any future wrongful death action and denying offsets for potential asbestos bankruptcy recoveries (James Hellam v. Crane Co., No. A140326, Calif. App., 1st Dist., Div. 4; 2015 Cal. App. LEXIS 720).