Iowa Enacts Law Codifying Bare-Metal Defense, Bankruptcy Transparency

Mealey's (March 24, 2017, 1:29 PM EDT) -- DES MOINES, Iowa — Iowa became the first state to legislatively bar asbestos claims arising from third-party parts on March 23 after its governor signed legislation codifying the bare-metal and component parts doctrine.  The law also requires additional transparency in asbestos-related trust filings, imposes medical criteria from bringing asbestos- and silica-related claims, restricts trial consolidation and negates certain forms of successor liability....