Congress Asbestos Deal No Cinch: Analysts
NU Online News Service, April 13, 4:29 p.m. EDT, Washington?A Washington analysts group said that, despite an apparent deal in Congress to set up a fund for asbestos injury claimants, passage of such a measure appears difficult.[@@]
Joe Lieber of Washington Analysis, a buy-side group, said in an investment note that it still remains cautious and, "While there appears to be a bipartisan deal in the works on asbestos litigation reform, we continue to believe that getting a deal passed by both Houses of Congress and signed into law remains an uphill battle."
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