FAIRNESS FOR VICTIMS OF ASBESTOSIS
Early day motion 2770, tabled 17 October 2006 by Fraser Kemp (Labour). Signed by 65 members.
That this House recognises that the legal company which handled the administration of Federal Mogul is claiming £70 million in fees; notes that this is £1 million more than the fund set up to compensate workers and families who contracted asbestosis in its UK factories; recalls that these workers and their families finally agreed a compensation deal earlier this year; further notes that these victims accepted an offer of 20 pence in the pound, meaning they will get just one fifth of the original value of their claim; calls on the Lord Chancellor to consider whether it is time to put a cap on administration's financial claims; and further notes the contrast with the victims' solicitors, Thompsons, who acted as unpaid volunteers on the creditors' committee.
Signatures by party: Labour 45, Liberal Democrat 8, Conservative 5, DUP 3, Plaid Cymru 2, Social Democratic and Labour Party 2.