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4/21/2015 By Jonathan Terrell

It is said that sunshine is the best disinfectant. That is proving true in New York, where a certain high-level political corruption case has taken a dramatic new turn.

Just two months ago, I wrote about my hope that the case would pull the curtain back on the wider asbestos litigation game in that state — indeed, across the U.S.

Now The Wall Street Journal reports that 45 firms representing 200 asbestos defendants have filed a motion to halt all asbestos proceedings in New York for 60 days. Their intent: to provide time to investigate and fix the rigged New York City Asbestos Litigation system, which they allege favors a single tort firm — the same firm that has benefitted from a cozy association with the politician at the center of the corruption case.

Calls for reform represent a huge leap. Let’s see if New York can finish the job — cleaning up its asbestos docket at the same time that it cleans house at the highest levels of state government.

Jonathan Terrell

About Jonathan Terrell

Jonathan Terrell is the Founder and President of KCIC. He has more than 30 years of international financial services experience with a multi-disciplinary background in accounting, finance and insurance. Prior to founding KCIC in 2002, he worked at Zurich Financial Services, JP Morgan, and PriceWaterhouseCoopers.

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