Minnesota Governor Mark Dayton (DFL) recently vetoed legislation (SF 1236) that would have shielded corporate successors from asbestos-related liability. According to Dayton, “[i]t is contradictory to define an ‘innocent successor’ as a corporation that has done nothing wrong and yet subsequently absolves it of its ‘known’ liabilities.” He also contended that providing this immunity to corporations which merged before 1972 “will simply increase the financial exposure of remaining responsible parties, or deny any remedy to asbestos victims in certain cases. This is unfair to other asbestos defendants, injured Minnesotans, and insurance companies that would all shoulder a greater burden as a result of this litigation.”
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Minnesota Governor vetoes bill limiting liability in asbestos cases
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