2/13/2007

Two more federal judges have written opinions exposing "prepackaged" asbestos bankruptcies, the Wall Street Journal editorial board writes. Most asbestos prepackaged bankruptcies have become "giant self-enrichment schemes," the board says. "The No. 1 reason courts are heaving with asbestos claims is because few judges have been willing to challenge the veracity of the claims or the motives of those driving the litigation," the board writes. "With both now getting more scrutiny, the great asbestos legal fraud may finally be contained."

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