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U.S. Bankruptcy Judge Judith Fitzgerald said it wasn't legal for PPG -- the world's second-largest car-paint maker -- to dispose of almost all its 116,000 asbestos lawsuits by putting them in a proposed trust in the bankruptcy case of Pittsburgh Corning Corp., an insulation company that PPG co-owns with Corning Inc. Fitzgerald refused to confirm Pittsburgh Corning's amended plan of reorganization, which contains the asbestos work-out proposal.
The West Virginia Chamber of Commerce is calling on state leaders to continue what it calls the state's economic resurgence by focusing efforts on seven key solutions in 2007. One of the solutions is that West Virginia needs to enact reforms that will stem the tidal wave of asbestos and silica mass litigation and ensure that injured individuals are diagnosed based on established medical criteria and by an attending physician," the statement reads. These reforms will help to unclog the system for those who are truly impaired or injured. (WV RECORD)