Holiday In Wales A West Virginia jury on Thursday found Dow Chemical Co.'s Union Carbide unit exposed workers to asbestos poisoning over a 35-year period, opening the door to millions of dollars in potential damages.
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Holiday Wales The six-person jury's verdict allows about a thousand plaintiffs to pursue cases that will determine whether they suffered injuries or health problems due to asbestos exposure at Union Carbide facilities.
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Caravan Holiday In Wales About 8,000 plaintiffs who claim exposure to asbestos initially sued about 250 defendants, ranging from manufacturers to groups of employers and building owners.
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Camping Holiday Wales But by the time the trial got under way during the week of Sept. 23, all the defendants except Exxon Mobil Corp. (XOM.N), Dow Chemical Co.'s Union Carbide unit and Amchem Inc had reached last-minute settlements with the plaintiffs.
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Accommodation Holiday Wales The courts later dismissed the complaints against Exxon Mobil and Amchem. Exxon Mobil also settled one complaint for about $300,000.
Holiday Last Minute Wales Union Carbide was defending itself against accusations it operated an unsafe work environment for contract workers, exposing them asbestos from 1945 to 1980. Asbestos was widely used for fireproofing and insulation until its use was curtailed after scientists linked its fibers to diseases.
Catering Holiday Self Wales ``That was what this trial was all about -- people who worked in West Virginia at Union Carbide facilities and were injured `` said Bruce Mattock, a lawyer for the plaintiffs.
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Family Holiday Wales Asbestos-related sicknesses take years to materialize after exposure to the mineral. In the last three years, the number of asbestos lawsuits have been increasing, forcing about 50 U.S. corporations into bankruptcy because of related liabilities.
Holiday Riding Wales Nationwide, there are 200,000 pending asbestos claims.
Adventure Holiday Wales ``Asbestos litigation is a major threat to U.S. manufacturers because the number of cases are so widespread, touching companies from coast to coast,'' said New York University School of Law Professor Mark Geistfeld.
Holiday Park South Wales Union Carbide, which was purchased by Dow last year, was also defending Calidria, a form of asbestos mined in California. The jury found Union Carbide was not part of any conspiracy to deceive or harm the public.
Cottage Holiday Wales A Union Carbide spokesman said the company would likely appeal the decision. ``This is only phase one of a two phase trial and there is a long way to go in that the court did not rule that Union Carbide caused anybody's injury and no damages have been awarded,'' the spokesman said.
Holiday In Wales The case will now move to a second part of the trial, expected to begin in December. A jury will be asked during that trial to determine if the plaintiffs were injured because of exposure to the agent.
Holiday Wales If the plaintiffs are found to have suffered injuries from Union Carbide facilities and are awarded compensation, they will receive three times the compensatory amount in the way of punitive damages.
Cottage Holiday In Wales But only compensatory damages will be awarded if their injuries stem just from Calidria.
Caravan Holiday In Wales In the product liability cases, Union Carbide said the verdict only holds the company potentially responsible for exposure between 1964 and 1972. The company said most of the asbestos exposure came after 1972, and it expects the majority of these claims to be dismissed.
Camping Holiday Wales Shares of Dow Chemical fell nearly 10 percent on Thursday to $24.97 on the New York Stock Exchange.
Accommodation Holiday Wales ``Dow's shares lost nearly $3 billion on the news and it is hard to image that the company's liability was that big. The market is overacting, and I am not sure there was significant new news here,'' said Buckingham Research Group analyst John Roberts.
Holiday Last Minute Wales Reuters - 10/24/2002