Utah Legislature Holds Hearings On Asbestos Trust Disclosure Bill

Mealey's (March 4, 2016, 2:21 PM EST) -- SALT LAKE CITY — Utah legislators on March 2 held hearings on legislation requiring plaintiffs to submit sworn statements that they investigated and filed all available asbestos bankruptcy trust claims.

(March 2 fiscal note available. Document #01-160323-002X.)

Under House Bill 403, plaintiffs must make their disclosure within 30 days of filing their action. The disclosure must be signed by the plaintiff and counsel under penalty of perjury. In addition, HB403 requires a statement from the signatories attesting that they investigated all potential trust claims and filed...
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