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LAC D'AMIANTE DU QUEBEC v. AM. HOME ASSUR. CO.

Civ. A. No. 83-2108.

613 F.Supp. 1549 (1985)

LAC D'AMIANTE DU QUEBEC, LTEE., a corporation of the State of Delaware, Plaintiff, v. AMERICAN HOME ASSURANCE CO., a corporation of the State of New York, and Highlands Insurance Company, a corporation of the State of Texas, and Midland Insurance Company, a corporation of the State of New York, Defendants.

United States District Court, D. New Jersey.

July 31, 1985.

Attorney(s) appearing for the Case

Porzio, Bromberg & Newman, P.C. by Myron J. Bromberg, Morristown, N.J., Covington & Burling by Robert N. Sayler, John G. Buchanan III, Washington, D.C., for plaintiff.

De Gonge, Garrity & Fitzpatrick, P.C. by Francis X. Garrity, Bloomfield, N.J., for defendant American Home Assur. Co.

Durand, Gorman, Heher, Imbriaco & Lynes by Jerome M. Lynes, Newark, N.J., for Highlands Ins. Co.

Suarez & Suarez by Michael Suarez, Jersey City, N.J., for defendant Midland Ins. Co.

OPINION

BARRY, District Judge.

Thousands upon thousands of claims arising out of asbestos related diseases which have become manifest are currently pending in federal and state courts with new filings increasing dramatically. Total liability projections between the years 1980 and 2015 range from $7.6 billion to $87.1 billion1 with aggregate judgments and settlements over the next...

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