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Product liability expert Dr. Charles Mullin
presents at American Law and Economics Association Annual Meeting
WASHINGTON, D.C., May 10, 2004—Bates White today announced
that Dr. Charles Mullin presented at the American Law and Economics
Association Fourteenth Annual Meeting at the Northwestern University
School of Law in Chicago on bankruptcy and creditors’ rights
on May 8, 2004.
Mullin’s lecture was based on a paper he wrote with University
of Virginia professor Dr. Anup Malani titled, "The effect
of joint and several liability on the bankruptcy rate of defendants:
evidence from asbestos litigation." The paper and presentation
focused on quantifying the incentive that joint and several liability
provides for a defendant to go bankrupt once joint liability defendants
declare bankruptcy.
"Charlie Mullin's paper on the effects of joint and several
liability in the asbestos area provides new insights into the
dynamics of mass tort litigation. In particular, it shows how
the legal standard, coupled with bankruptcy law, induces growth
in the amount of each claim," said Professor Robert K. Rasmussen,
a leading scholar in the field of bankruptcy and a professor at
Vanderbilt University Law School.
Dr. Charles Bates, Bates White president and founder, said, “The
findings by Charlie Mullin and Anup Malani convey true thought
leadership—their recent paper is impacting conversations
in the bankruptcy and insurance legal community.”
Click here
to download the paper.
About Bates White
Bates White is a national economic consulting firm of more than 150 professionals.
Established in 1999, Bates White offers consulting services in economics,
finance,
and business analytics. Bates White has offices in Washington, D.C., and San
Diego, Calif.
www.bateswhite.com
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