Recent News About Iola
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CHICAGO - A company that frequently finds itself targeted by asbestos attorneys is taking the reins on racketeering claims that allege those lawyers manipulated the system to unfairly drive up the costs of settlements and verdicts.
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Judge Graham Mullen said Garlock Sealing Technologies has adequately stated its RICO claims, but he did not rule on whether they were filed too late. The company is accusing asbestos firms of manipulating a compensation system that includes civil lawsuits and submissions to bankruptcy trusts established by companies.
