Legalcorporate Misconduct News

"Families Outraged by Koch Brothers' Asbestos Compensation Maneuver"

Asbestos victims and their families are condemning Koch Industries-owned Georgia-Pacific for using a controversial bankruptcy maneuver to avoid paying millions in compensation to former employees suffering from fatal cancers caused by asbestos exposure. The company's tactic involves separating its liabilities into a new firm, Bestwall LLC, while continuing normal operations under Georgia-Pacific, resulting in long delays and financial advantages for the company. The billionaire Koch brothers have supported legislative efforts to make it more difficult for asbestos victims to collect compensation, and attorneys and legal consultants are being paid millions of dollars to defend the company, while none of the asbestos victims will receive anything until a final plan is confirmed and all appeals are exhausted.