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Heated testimony on HB 803 as Libby residents and industry groups clash over asbestos reforms
Summary
HB 803 (asbestos trust transparency and overnaming reform) drew widespread testimony: business groups and insurers backed early trust disclosures to prevent duplicate recoveries, while Libby victims and trial lawyers warned the bill would create roadblocks and delay claims for dying plaintiffs.
Representative Greg Overstreet opened House Bill 803 as a two-part proposal: require plaintiffs to file bankruptcy-trust claims before or shortly after filing tort suits and require basic disclosures about defendants and exposure timelines. He described the measure as a ‘‘show your work up front’’ requirement similar to practices in other states.
Proponents included the Montana Chamber of Commerce, the U.S. Chamber of Commerce, the American Tort…
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