Union Carbide Asbestos Verdict Erased by Mississippi Judge

Quoted from http://www.bloomberg.com/news/2012-01-03/union-carbide-asbestos-verdict-overturned-by-mississippi-court.html

Union Carbide Asbestos Verdict Erased by Mississippi Judge

By Laurence Viele Davidson – Jan 3, 2012 4:31 PM ET

A $322 million jury verdict in an asbestos case against Dow Chemical Co. (DOW)’s Union Carbide unit and Chevron Phillips Chemical Co. was overturned by a Mississippi judge.

The companies asked the state Supreme Court to overturn the verdict, saying Smith County Circuit Judge Eddie Bowen had a conflict of interest because his parents had asbestos legal claims, including one against Union Carbide.

The state’s high court removed Bowen from the case last year. His replacement, Special Judge William F. Coleman, said on Dec. 22 that the companies’ request to remove Bowen and vacate the verdict were “well taken and should be granted.”

The May 4, 2011 verdict was the largest ever made to a single asbestos case plaintiff, according to data compiled by Bloomberg. State punitive-damages restrictions would have reduced the verdict by at least $260 million. Coleman’s order doesn’t include information on a new trial. The jury award was the ninth-largest in the U.S. overall in 2011, according to Bloomberg data.

[Article continues at original source]

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