You know the advertisements: a personal injury lawyer appears on TV and says that you could be entitled to a cash settlement if you have been exposed to asbestos.
These advertisements are the legacy of decades of asbestos litigation. Since this litigation began, most manufacturers and mining companies involved have gone bankrupt and set up huge dollar bankruptcy trusts, from which asbestos victims have drawn billions of dollars in compensation.
Unfortunately (and unsurprisingly), trial lawyers have found a way to exploit this system. In 2006, it was discovered that lawyers have been collecting giant payouts from the asbestos bankruptcy trusts while also suing companies without bankruptcy trusts. In other words, these lawyers have been double-dipping.