Business 8th Edition by Marianne Jennings

Exercise 16

In the Johns-Manville asbestos litigation, Samuel Greenstone, an attorney for 11 asbestos workers, settled their claims for $30,000 and a promise that he would not "directly or indirectly participate in the bringing of new actions against the Corporation." The 1933 case settlement was documented in the minutes of Johns-Manville's board meeting. Could the information in the minutes be used in later litigation against Johns-Manville? How could a plaintiff's attorney obtain the information? Do you feel Mr. Greenstone made an ethical decision in his agreement? Wasn't his loyalty to his 11 clients and his obligation to obtain compensation for them? Would you have agreed to the no-further-participation-in-a-lawsuit clause? Would you, if you had been an executive at Johns-Manville, have supported the clause?