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Bates White President and Senior Partner, Charles Bates, to speak on asbestos liability estimations at Mealey’s Asbestos Bankruptcy Conference
WASHINGTON, D.C., December 15, 2006—Charles Bates, Ph.D., President and Senior Partner at Bates White, LLC, will participate in a panel discussion on estimations of asbestos liabilities at Mealey’s Asbestos Bankruptcy Conference in Philadelphia, Pa., on December 4–5, 2006.
Bates will discuss the variations that exist among current estimation methodologies that are due to differences in the contexts for which the estimates are required. He will discuss how future unknown variables, such as tort reform, methods of handling nonmalignant claims filings, and trust funds, complicate the task of developing estimates that are more than a few years out.
Bates and Partner Charlie Mullin, Ph.D., have written a related paper, “Having Your Tort And Eating It Too?” which was recently published in Mealey's Litigation Report: Asbestos and Mealey's Asbestos Bankruptcy Report and which will be distributed at the conference. This paper discusses the potential for claimant “double dipping” in the evolving trust and tort environment. Over $35 billion hangs on the question of whether the money that claimants receive from the new 524(g) trusts will serve as an offset to their tort claims.
To view the conference agenda, please visit: http://www.lexisnexis.com/conferences/LegalConference.aspx?cid=41214&view=agenda
To download “Having Your Tort And Eating It Too?” please visit: http://www.bateswhite.com/news/pdf/Having_Your_Tort.pdf
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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