Word: beaumont
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Dates: during 2000-2009
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...days later, the vice president was given memos by a Democratic National Committee staffer, Erica Payne, suggesting follow-up calls to some of the Texas lawyers who attended the dinner. Among the names was Walter Umphrey of Beaumont, who made his fortune suing asbestos manufacturers and was the lead lawyer for the state of Texas in its suit against the tobacco industry. (He would later share $3.3 billion in attorneys' fees when the suit settled in 1998.) Umphrey is described in the memo as "close to" Williams, who hosted the event, although it is not clear that...
...acre Chalk Hill vineyard in Sonoma County, Calif. Wayne Reaud (pronounced Ree-oh) has used his hundreds of millions of dollars in fees from asbestos and other "toxic tort" litigation to buy the local newspaper and a chunk of downtown real estate in his hometown of Beaumont, Texas. Maryland trial lawyer Peter Angelos, who has been involved in asbestos and tobacco litigation, owns the Baltimore Orioles...
Lloyd's troubles began in the U.S., in Beaumont, Texas, where in 1969 a dying insulation installer named Clarence Borel sued 11 asbestos companies for failing to warn him about the hazards of handling the material. Four years later, a federal appeals court held the companies liable. The lawyers did the rest, opening the floodgates to damage claims that would eventually bring down huge asbestos companies like Johns Manville Corp., which restructured itself after a trip through bankruptcy court. The insurer of last resort--the party most exposed to the torrent of claims--was Lloyd's of London...