NEW YORK ASBESTOS COMPANIES

Twentieth century saw widespread usage of asbestos as a fire resistant in construction, ship building and other industries. It was only in 1970s that risks of asbestos exposure were realised. US banned the usage of asbestos in products and framed stringent rules for asbestos control. New York State has also stipulated that only licensed asbestos contractors can work on projects that involve handling, transportation, disposal or any contact of asbestos material.

Asbestos exposure can give rise to lethal diseases like mesothelioma, asbestosis etc. Several workers who worked in shipyards, power houses, and construction sites have over the years reported to be affected by mesothelioma and have resorted to legal options against such companies which have performed asbestos violations. In order to avoid asbestos litigations, companies have from time to time resorted to different means like in the case of Desnoyers where it was found that the air quality professional secretly worked for asbestos companies to falsify test results. In other cases, the companies have chosen to go for bankruptcy.

Bankrupt Asbestos Companies

The increased occurrence of mesothelioma  has led to thousands of asbestos lawsuits in New York being filed each year against companies manufacturing asbestos products. The hefty amounts of damages have made many of the industrial organisations file for Chapter 11 bankruptcy. Bankruptcy is a financial action taken by a company by which it manages a situation of financial crisis. When bankruptcy of a company is in process, no legal action or claim against the company can be processed. Some major asbestos firms which succumbed to bankruptcy are:

• GAF Corporation
• Raybestos
• Eagle-Picher
• UNARCO
• Johns-Manville Corporation
• Philip Carey Corporation
• Babcock & Wilcox
• AP Green
• Federal Mogul
• Rutland
• 48 Insulations

List of Asbestos Companies in NY

Heavy claims and liability of damages in asbestos cases filed by victims has made several New York based asbestos companies also go bankrupt. Few of the New York based corporations which filed for bankruptcy include:

• Planet Toys Inc
• York Shipley
• USG Corporation
• York International Corporation
• W R Grace & Co.
• York Industries

There are a number of mesothelioma attorneys in New York which work on protecting the interests of asbestos victims in such situations where the default company goes bankrupt. To get more information and finest advice on asbestos lawyers in New York handling cases involving asbestos company bankruptcies, please contact us.