Mesothelioma Compensation-Halliburton Co. to pay $30 million compensation

On February four, 2005, the Halliburton Company was ordered to pay thirty million dollars in compensation to about 120 families of people who worked for shipyards, construction sites and industrial plants in the Pacific Northwest or served on naval ships serviced in Seattle.
Halliburton Company actually set up 4.3 billion dollars as part of a national settlement program to wrap up asbestos claims and liabilities. This settlement will cater for people who are ailing, people who have died, and people who will still die from asbestos exposure in the upcoming years. The company agreed to pay 2.78 million dollars and put up 59.5 million shares of its stock to form a trust for future victims of asbestos related diseases.

Halliburton acquired Dresser Industries Inc. in 1998 and inherited the asbestos and silica claims, filed against the company. The workers of the company had been wrongly exposed to the toxic effects of asbestos fibers at their place of work and most of them had carried the asbestos fibers home on their work clothes to also expose their family members to this toxic substance. Dresser officials knew about the harmful effects of the asbestos fibers, but they were only concerned about the profits they were making form sale of their products.

All mesothelioma victims should file lawsuits against the people that wrongfully and deliberately exposed them to asbestos, so they need to get as much information they can get about mesothelioma lawyers and mesothelioma lawsuits.

Reference:Bello Kamorudeen


Posting Komentar