Texas Court: 9-Year Delay In Asbestos Settlement Filing Not Necessarily Fatal
(April 11, 2016, 10:43 AM EDT) -- HOUSTON — Questions remain over whether a nine-year gap between signing an asbestos settlement agreement and its delivery to the offering party constitutes undue delay and whether the lack of active litigation constituted notice of acceptance, a Texas appeals court held March 29 (Union Carbide Corp. v. Perry Jones, Rosemary Allegria, et al., No. 01-14-00574-CV, Texas App., 1st Dist.; 2016 Tex. App. LEXIS 3182).
(Opinion available. Document #01-160413-032Z.)
In May 2002, Union Carbide Corp. entered into an agreement to settle hundreds of asbestos actions filed or...