Word: torts
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...spent $7.7 billion to merge with rival Dresser in 1998, knowing that one of its former subsidiaries, Harbison-Walker, was the target of manifold legal claims from employees who worked making refractory bricks. Halliburton officials believed that Dresser was indemnified. But when Harbison filed for Chapter 11, tort lawyers came after Halliburton. Cedric Burgher, Halliburton's vice president for investor relations, points out that, even with the asbestos claims, an Austrian company paid nearly $600 million for Harbison-Walker in 1999. Says Burgher: "Nobody foresaw this." Lawyers for asbestos victims say Cheney and Halliburton should have known better. "Everyone knew...
...students got very upset,” Nesson said. “I had proposed to make the alleged tort into something we use to learn about torts and learn about ourselves and actually do a mock process. People felt that was egregiously insensitive to the sensibilities to some of the people involved...
...because of the tensions, Nesson agreed to let Rakoff and Warren Professor of American Legal History Morton J. Horwitz help finish teaching his tort class, though he was present for lectures and administered the final exam...
...What I criticized was strands of black scholarship—notably, black studies and its contributions to critical race theory and various other areas...I said that this scholarship does not enhance understanding of tort theory and I stand fully behind my criticism,” the statement reads...
...about anyone with good insurance—threatens to create a culture of victimhood in this country, driven by lawyers who know how to game the system to collect their 40 percent. As is chronicled on websites like Overlawyered.com, the range of cases is breathtaking. Congress is perennially debating tort reform to stop lawsuits like these, but there is little indication that anything will happen soon, with the financial committees of Congress preoccupied with accounting reform. Meanwhile, lawsuits continue to drag down the American economy from all directions...