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To: Gary Burton who wrote (54704)11/14/1999 11:34:00 AM
From: Paul Glenn  Read Replies (4) | Respond to of 95453
 
Gary, Another company with asbestos-related storm clouds hanging over them is Raytech (RAY)

finance.yahoo.com

Check out that P/E!

I'm not an investor in RAY, just wanted to point out to those interested in the MDR situation that this sort of litigation can last a looooong time.

Paul



To: Gary Burton who wrote (54704)11/14/1999 11:45:00 AM
From: JHR  Read Replies (1) | Respond to of 95453
 
Hope you're right Gary, but I'm skeptical. The trial lawyers have a very strong lobby and a lot of congress people are lawyers. Maybe I'm jaded, but I wouldn't bet a lot of dollars on that bill amounting to anything that would hurt the trial lawyers. Its pretty similar to the no-fault concept in auto insurance. The biggest winners in damage claims are the lawyers and they fight no fault to the bitter end anywhere it comes up.


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