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G.M. estimated the cost of future product liability claims at $934 million and asbestos-related tort claims at $627 million as of March 31, according to the company's most recent quarterly report.
Imperial, concerned about weakening its defenses in future product liability cases, questioned the wisdom of producing position papers "which suggest [ed] industry positions on subjects relating to smoking and health" [ 100].
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There is no promise, however, that it will be responsible for future product-liability suits brought by owners of vehicles sold before the automaker filed for bankruptcy.
Because the automaker did not explicitly say that it would be responsible for future product-liability suits involving vehicles already sold, it was clear that Chrysler was trying to avoid potential liability to current owners, said Clarence Ditlow, a lawyer and the executive director of the Center for Auto Safety.
They will not evaluate products without product liability insurance.
Legally, however, that could become as controversial as product liability.
Among other factors, he said, product liability was a concern.
The court blocked product liability suits against Class III devices.
He voted to limit punitive damages in product liability cases.
The company provides research and exhibits for product liability lawyers.
DealBook » Top product Liability Lawyer Leaves Skadden for Quinn Emanuel | Sheila Birnbaum, a top product liability defense lawyer, is leaving Skadden, Arps, Slate, Meagher & Flom to join Quinn Emanuel Urquhart & Sullivan.
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