Preview
FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023
NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023
EXHIBIT 81
FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023
NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023
FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023
NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023
FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023
NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023
FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023
NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023
National Trends
Driving Asbestos
Litigation
September 14, 2022
Prepared for the Perrin Conferences
National Asbestos Litigation Conference
Do not duplicate or distribute without written permission from KCIC.
FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023
NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023
About KCIC
Megan Burns
(née Shockley)
burnsm@kcic.com
Managing Director
Do not duplicate or distribute without written permission from KCIC.
FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023
NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023
What is in the Data?
K
KCIC utilizes only the publicly available data The average
contained in complaints for analyses contained
c time between
filing and KCIC’s
iin our annual Asbestos Litigation Year in Review processing is
rreports and related presentations. one month
2022 Filings To Date
2,191 Lawsuits received through 8/28
~114 Jurisdictions & Plaintiff Firms
68 Defendants per Lawsuit (average)
Do not duplicate or distribute without written permission from KCIC.
FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023
NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023
National Trends | Filings (received through 8/28/22)
2018 2019 2020 2021 2022*
4,147 4,144 3,783 3,818 3,707
Total Filings Total Filings Total Filings Total Filings Total Filings
7.1% 0.1% 8.7% 0.9% 2.9%
Decrease Decrease Decrease Increase Decrease
2017 to 2018 2018 to 2019 2019 to 2020 2020 to 2021 2021 to 2022*
change in change in change in change in change in
filings filings filings filings filings
* Estimation of 2022 full year total.
Jan 1 – Aug 28th
Avg # of
2021 2,320
59% complaints
received by
8/28 2022 2,191
Do not duplicate or distribute without written permission from KCIC.
FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023
NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023
Disease | Filing Trends by Disease
Lung cancer filings had the most significant shift in filings
trends by disease so far for 2022 – projected 14% decrease.
+3%
-14%
+8%
Mesothelioma Lung Cancer Non-Malignant
* Estimation of 2022 full year total.
Do not duplicate or distribute without written permission from KCIC.
FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023
NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023
Disease| Disease Mix
MESOTHELIOMA
LUNG CANCER While the mesothelioma percentage share
OTHER CANCER has increased slightly 2018-2022,
Total mesothelioma cases were less than
UNKNOWN/NOT STATED
total mesothelioma cases in 2018.
NON-MALIGNANT
Do not duplicate or distribute without written permission from KCIC.
FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023
NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023
Jurisdiction | Concentration
Top 15 Jurisdictions – 2022 YTD Filing Concentration by State – 2022 YTD
-3%
+21%
+25%
-21%
-30%
-21%
3%, +3%
3%, +70%
3%, -8%
4%, -32%
6%, +31%
1–20 Filings
Emerging
7%, +59%
21–99 Filings
7%, +4% Dissipating
100–200 Filings
12%, -32%
200–299 Filings
300+ Filings
Do not duplicate or distribute without written permission from KCIC.
FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023
NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023
Jurisdiction | Notable Increases
Wayne, Michigan
gan
g
• Total Filings: 59% increase in filings vs 8/28/2021
//2021
• Already 85% of 2021 total
• Non-malignant: 104% increase vs 8/28/2021 //2021
• Already 97% of 2021 total
Philadelphia,
Phila d Pennsylvania
a
• Total
Tota
a Filings: 31% increase vs 8/28/2021
• Already 69% of 2021 total
• Mess
Mesothelioma: 57% increase; Lung Cancer 24% increase vs 8/28/21
• Mesothelioma: already 78% off 2021 total;
l Lung Cancer:
C 66%
Los Angeles, California
fornia
• Total Filings: 70% increase vs 8/28/2021
/28/2021
• Already 101% of 2021
0
021 total
• Mesothelioma: 58% increase vs 8/28/2021
/28/2021
• Already 102% of 2021
0
021 total
Do not duplicate or distribute without written permission from KCIC.
FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023
NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023
Jurisdiction | Nota
Notable Decreases
Notab
St. Clair, IIllinois
• Total Filings:
Filin 32% decrease vs 8/28/2021
• Only
On y 41% of 2021 total
• can
Lung cancer: 30% decrease in filings vs 8/28/2021
On y 43% of 2021 total
• Only
3%
St. Louis, M
Missouri Meso:
• Total Filings: 32% decrease vs
vs 8/28/2021 24%
• Only 44% off 2021 total
• Lung Cancer: 36% decrease vs 8/28/21 Lung
• Only 44% off 2021 total Cancer:
73%
Kanawha,
Kanawha
a West Virginia
• Total Filings:
Filin
n 30% decrease vs 8/28/2021
On 43% of 2021 total
• Only
• Lung Cancer:
Can n 44% decrease vs 8/28/2021
On 35% of 2021 total
• Only
Do
o not duplicate or distribute without written permission
per
perm from KCIC.
FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023
NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023
Mesothelioma & Lung Cancer | National Trends
Top States for
Mesothelioma
& Lung Cancer
2020-2022
Mesothelioma:
1. Illinois (50%)
2. New York (10%)
3. California (8%)
4. Pennsylvania (7%)
5. New Jersey (4%)
Lung Cancer:
1. Illinois (49%)
2. New York (12%)
3. Missouri (10%)
MESOTHELIOMA
4. Pennsylvania (8%)
5. Delaware (5%) LUNG CANCER
Do not duplicate or distribute without written permission from KCIC.
FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023
NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023
Mesothelioma | Top Jurisdictions
Madison County
mesothelioma filings
decreased 7%,
mesothelioma filings in the
top jurisdictions increased 2%.
+11%
+58%
-2%
*Data as of 8/28 each year.
Do not duplicate or distribute without written permission from KCIC.
FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023
NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023
Lung Cancer | Top Jurisdicitions
Compared to the same time last year,
St. Clair lung cancer filings have decreased 18%.
-30%
Madison
No change
St. Louis
-36%
NYCAL
-15%
Philadelphia
+24%
*Data
*D t as off 8/28 each
h year.
Do not duplicate or distribute without written permission from KCIC.
FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023
NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023
You can download
KCIC’s 2021 Asbestos Report at:
https://www.kcic.com/asbestos
Megan Burns
burnsm@kcic.com Thank You!
www.kcic.com
Managing Director
FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023
NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023
National Verdict Trends in Asbestos Litigation
2022 National Asbestos Litigation Conference
©2022 Perrin Conferences LLC. All rights reserved.
The views are shared for educational purposes only and provided for use only in connection with this event.
FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023
NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023
Asbestos Cases Reaching Verdict
Year Number of Filings* Number of Verdicts % of Cases Reaching Verdicts
2015 5,336 48 0.90%
2016 4,829 45 0.93%
2017 4,463 34 0.76%
2018 4,147 40 0.96%
2019 4,144 39 0.94%
2020 3,783 10 0.26%
2021 3,818 21 0.55%
2022 2,191** 12 0.55%
™ Less than 1% of cases filed were tried to verdict.
™ Trial proceedings in 2020-2021 were significantly impacted by COVID-19 pandemic.
*Filing data provided by KCIC.
** Figure current through 8/28/2022.
FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023
NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023
60
50
Total Asbestos 40
Verdicts
30
2015 -2022 20
10
0
2015 2016 2017 2018 2019 2020 2021 2022
FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023
NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023
Verdicts Are Split
Year Plaintiff Defendant Total % P-D
2015 26 22 48 54-46
2016 24 21 45 53-47
2017 20 14 34 59-41
2018 23 17 40 58-42
2019 29 10 39 74-26
2020 9 1 10 90-10
2021 15 6 21 71-29
2022 11 1 12 92-8
Total 157 92 249 63-37
FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023
NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023
Verdict Awards Vary Significantly – Influenced By Talc
Total* Damages Awarded: 2015-2022
Asbestos Talc
$1,000,000,000
$900,000,000
$800,000,000
$700,000,000
$600,000,000
$500,000,000
$400,000,000
$300,000,000
$200,000,000
$100,000,000
$0
2015 2016 2017 2018 2019 2020 2021 2022
*2018 figure does not include the extreme outlier $4.69 billion ovarian cancer verdict from St. Louis, MO.
*2019 – includes $217M award including punitives from New Jersey talc verdict.
*2020 – includes $186M award including punitives from New Jersey talc verdict.
FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023
NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023
Total Damages Awarded:
More Than Six Billion*
2018
2019
3 Plaintiffs Verdicts:
Totaling $4.8 Billion 4 Plaintiffs Verdicts –
Totaling $406.7 Million
Talc Verdicts & 3 Defense Verdicts
4 Defense Verdicts
Mistrials 4 Mistrials
2018-2021 2020 2021
2 Plaintiffs Verdicts – 3 Plaintiffs Verdicts –
Totaling $195 Million Totaling $107.3 Million
1 Mistrial 4 Defense Verdicts
* Includes $4.7 Billion St. Louis Verdict in 2018 – Ingham v. J & J
FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023
NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023
Since 2015, 57% of all asbestos verdicts have
occurred in five states:
CA NY PA LA FL
18
69 in California:
• San Francisco Co. 16
• Los Angeles Co.
• Alameda Co. 14
12
26 in New York:
• NYCAL 10
8
18 in Pennsylvania:
• Philadelphia 6
12 in Louisiana: 4
• Orleans Parish
2
15 in Florida: 0
• Miami Dade 2015 2016 2017 2018 2019 2020 2021 2022
FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023
NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023
2022 Verdict Highlights
2022 Plaintiffs’ verdicts average $18.8 Million – nearly matching
2021 average of $19 Million.
Living mesothelioma plaintiff awarded $36.7 Million by jury in
Orleans Parrish, Louisiana.
A St. Louis, Missouri, jury awarded a mesothelioma plaintiff’s wife
$10 Million for loss of consortium, for a total verdict of $20 Million.
Jury in Newcastle, Delaware returned a verdict in favor of defense.
FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023
NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023
Average Annual Defense Costs for
Asbestos-Related Claims 2015-2021
5 Year Average Total Spend
Pre-Pandemic 2020 Costs 2021 Costs 2015-2021
Company A $77,240,000 $50,900,000 $55,200,000 $492,300,000
Company B $26,600,000 $21,000,000 $19,000,000 $173,000,000
Company C $197,200,000 $229,000,000 $240,000,000 $1,455,000,000
Company D $16,000,000 $13,000,000 $15,000,000 $108,000,000
Company E $21,400,000 $22,000,000 $23,200,000 $144,390,000
*Approximate Cost
FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023
NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023
135
Most
Recent
https://www.crowell.com/Practices/Bankruptcy-Creditors-Rights/History-of-Asbestos-Bankruptcies
FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023
NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023
Asbestos Bankruptcy Trust Transparency Laws
2017
2014
2017
2018
2017
2012
2016
2015
2018
2018
2015 2016
2013
2017 2019
2015
FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023
NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023
Asbestos Over-naming Reform Disclosure Laws
2021
2020
2021
2021
2022
FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023
NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023
National Trends
Cost of Litigation Continues to Increase
Bankruptcy Transparency & Over-naming Trends
Impact of the Evolution of Asbestos Lawyers & Law Firms
COVID & Asbestos Litigation
Preview
FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023 NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023 EXHIBIT 81 FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023 NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023 FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023 NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023 FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023 NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023 FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023 NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023 National Trends Driving Asbestos Litigation September 14, 2022 Prepared for the Perrin Conferences National Asbestos Litigation Conference Do not duplicate or distribute without written permission from KCIC. FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023 NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023 About KCIC Megan Burns (née Shockley) burnsm@kcic.com Managing Director Do not duplicate or distribute without written permission from KCIC. FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023 NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023 What is in the Data? K KCIC utilizes only the publicly available data The average contained in complaints for analyses contained c time between filing and KCIC’s iin our annual Asbestos Litigation Year in Review processing is rreports and related presentations. one month 2022 Filings To Date 2,191 Lawsuits received through 8/28 ~114 Jurisdictions & Plaintiff Firms 68 Defendants per Lawsuit (average) Do not duplicate or distribute without written permission from KCIC. FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023 NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023 National Trends | Filings (received through 8/28/22) 2018 2019 2020 2021 2022* 4,147 4,144 3,783 3,818 3,707 Total Filings Total Filings Total Filings Total Filings Total Filings 7.1% 0.1% 8.7% 0.9% 2.9% Decrease Decrease Decrease Increase Decrease 2017 to 2018 2018 to 2019 2019 to 2020 2020 to 2021 2021 to 2022* change in change in change in change in change in filings filings filings filings filings * Estimation of 2022 full year total. Jan 1 – Aug 28th Avg # of 2021 2,320 59% complaints received by 8/28 2022 2,191 Do not duplicate or distribute without written permission from KCIC. FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023 NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023 Disease | Filing Trends by Disease Lung cancer filings had the most significant shift in filings trends by disease so far for 2022 – projected 14% decrease. +3% -14% +8% Mesothelioma Lung Cancer Non-Malignant * Estimation of 2022 full year total. Do not duplicate or distribute without written permission from KCIC. FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023 NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023 Disease| Disease Mix MESOTHELIOMA LUNG CANCER While the mesothelioma percentage share OTHER CANCER has increased slightly 2018-2022, Total mesothelioma cases were less than UNKNOWN/NOT STATED total mesothelioma cases in 2018. NON-MALIGNANT Do not duplicate or distribute without written permission from KCIC. FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023 NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023 Jurisdiction | Concentration Top 15 Jurisdictions – 2022 YTD Filing Concentration by State – 2022 YTD -3% +21% +25% -21% -30% -21% 3%, +3% 3%, +70% 3%, -8% 4%, -32% 6%, +31% 1–20 Filings Emerging 7%, +59% 21–99 Filings 7%, +4% Dissipating 100–200 Filings 12%, -32% 200–299 Filings 300+ Filings Do not duplicate or distribute without written permission from KCIC. FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023 NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023 Jurisdiction | Notable Increases Wayne, Michigan gan g • Total Filings: 59% increase in filings vs 8/28/2021 //2021 • Already 85% of 2021 total • Non-malignant: 104% increase vs 8/28/2021 //2021 • Already 97% of 2021 total Philadelphia, Phila d Pennsylvania a • Total Tota a Filings: 31% increase vs 8/28/2021 • Already 69% of 2021 total • Mess Mesothelioma: 57% increase; Lung Cancer 24% increase vs 8/28/21 • Mesothelioma: already 78% off 2021 total; l Lung Cancer: C 66% Los Angeles, California fornia • Total Filings: 70% increase vs 8/28/2021 /28/2021 • Already 101% of 2021 0 021 total • Mesothelioma: 58% increase vs 8/28/2021 /28/2021 • Already 102% of 2021 0 021 total Do not duplicate or distribute without written permission from KCIC. FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023 NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023 Jurisdiction | Nota Notable Decreases Notab St. Clair, IIllinois • Total Filings: Filin 32% decrease vs 8/28/2021 • Only On y 41% of 2021 total • can Lung cancer: 30% decrease in filings vs 8/28/2021 On y 43% of 2021 total • Only 3% St. Louis, M Missouri Meso: • Total Filings: 32% decrease vs vs 8/28/2021 24% • Only 44% off 2021 total • Lung Cancer: 36% decrease vs 8/28/21 Lung • Only 44% off 2021 total Cancer: 73% Kanawha, Kanawha a West Virginia • Total Filings: Filin n 30% decrease vs 8/28/2021 On 43% of 2021 total • Only • Lung Cancer: Can n 44% decrease vs 8/28/2021 On 35% of 2021 total • Only Do o not duplicate or distribute without written permission per perm from KCIC. FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023 NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023 Mesothelioma & Lung Cancer | National Trends Top States for Mesothelioma & Lung Cancer 2020-2022 Mesothelioma: 1. Illinois (50%) 2. New York (10%) 3. California (8%) 4. Pennsylvania (7%) 5. New Jersey (4%) Lung Cancer: 1. Illinois (49%) 2. New York (12%) 3. Missouri (10%) MESOTHELIOMA 4. Pennsylvania (8%) 5. Delaware (5%) LUNG CANCER Do not duplicate or distribute without written permission from KCIC. FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023 NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023 Mesothelioma | Top Jurisdictions Madison County mesothelioma filings decreased 7%, mesothelioma filings in the top jurisdictions increased 2%. +11% +58% -2% *Data as of 8/28 each year. Do not duplicate or distribute without written permission from KCIC. FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023 NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023 Lung Cancer | Top Jurisdicitions Compared to the same time last year, St. Clair lung cancer filings have decreased 18%. -30% Madison No change St. Louis -36% NYCAL -15% Philadelphia +24% *Data *D t as off 8/28 each h year. Do not duplicate or distribute without written permission from KCIC. FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023 NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023 You can download KCIC’s 2021 Asbestos Report at: https://www.kcic.com/asbestos Megan Burns burnsm@kcic.com Thank You! www.kcic.com Managing Director FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023 NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023 National Verdict Trends in Asbestos Litigation 2022 National Asbestos Litigation Conference ©2022 Perrin Conferences LLC. All rights reserved. The views are shared for educational purposes only and provided for use only in connection with this event. FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023 NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023 Asbestos Cases Reaching Verdict Year Number of Filings* Number of Verdicts % of Cases Reaching Verdicts 2015 5,336 48 0.90% 2016 4,829 45 0.93% 2017 4,463 34 0.76% 2018 4,147 40 0.96% 2019 4,144 39 0.94% 2020 3,783 10 0.26% 2021 3,818 21 0.55% 2022 2,191** 12 0.55% ™ Less than 1% of cases filed were tried to verdict. ™ Trial proceedings in 2020-2021 were significantly impacted by COVID-19 pandemic. *Filing data provided by KCIC. ** Figure current through 8/28/2022. FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023 NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023 60 50 Total Asbestos 40 Verdicts 30 2015 -2022 20 10 0 2015 2016 2017 2018 2019 2020 2021 2022 FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023 NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023 Verdicts Are Split Year Plaintiff Defendant Total % P-D 2015 26 22 48 54-46 2016 24 21 45 53-47 2017 20 14 34 59-41 2018 23 17 40 58-42 2019 29 10 39 74-26 2020 9 1 10 90-10 2021 15 6 21 71-29 2022 11 1 12 92-8 Total 157 92 249 63-37 FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023 NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023 Verdict Awards Vary Significantly – Influenced By Talc Total* Damages Awarded: 2015-2022 Asbestos Talc $1,000,000,000 $900,000,000 $800,000,000 $700,000,000 $600,000,000 $500,000,000 $400,000,000 $300,000,000 $200,000,000 $100,000,000 $0 2015 2016 2017 2018 2019 2020 2021 2022 *2018 figure does not include the extreme outlier $4.69 billion ovarian cancer verdict from St. Louis, MO. *2019 – includes $217M award including punitives from New Jersey talc verdict. *2020 – includes $186M award including punitives from New Jersey talc verdict. FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023 NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023 Total Damages Awarded: More Than Six Billion* 2018 2019 3 Plaintiffs Verdicts: Totaling $4.8 Billion 4 Plaintiffs Verdicts – Totaling $406.7 Million Talc Verdicts & 3 Defense Verdicts 4 Defense Verdicts Mistrials 4 Mistrials 2018-2021 2020 2021 2 Plaintiffs Verdicts – 3 Plaintiffs Verdicts – Totaling $195 Million Totaling $107.3 Million 1 Mistrial 4 Defense Verdicts * Includes $4.7 Billion St. Louis Verdict in 2018 – Ingham v. J & J FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023 NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023 Since 2015, 57% of all asbestos verdicts have occurred in five states: CA NY PA LA FL 18 69 in California: • San Francisco Co. 16 • Los Angeles Co. • Alameda Co. 14 12 26 in New York: • NYCAL 10 8 18 in Pennsylvania: • Philadelphia 6 12 in Louisiana: 4 • Orleans Parish 2 15 in Florida: 0 • Miami Dade 2015 2016 2017 2018 2019 2020 2021 2022 FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023 NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023 2022 Verdict Highlights 2022 Plaintiffs’ verdicts average $18.8 Million – nearly matching 2021 average of $19 Million. Living mesothelioma plaintiff awarded $36.7 Million by jury in Orleans Parrish, Louisiana. A St. Louis, Missouri, jury awarded a mesothelioma plaintiff’s wife $10 Million for loss of consortium, for a total verdict of $20 Million. Jury in Newcastle, Delaware returned a verdict in favor of defense. FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023 NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023 Average Annual Defense Costs for Asbestos-Related Claims 2015-2021 5 Year Average Total Spend Pre-Pandemic 2020 Costs 2021 Costs 2015-2021 Company A $77,240,000 $50,900,000 $55,200,000 $492,300,000 Company B $26,600,000 $21,000,000 $19,000,000 $173,000,000 Company C $197,200,000 $229,000,000 $240,000,000 $1,455,000,000 Company D $16,000,000 $13,000,000 $15,000,000 $108,000,000 Company E $21,400,000 $22,000,000 $23,200,000 $144,390,000 *Approximate Cost FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023 NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023 135 Most Recent https://www.crowell.com/Practices/Bankruptcy-Creditors-Rights/History-of-Asbestos-Bankruptcies FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023 NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023 Asbestos Bankruptcy Trust Transparency Laws 2017 2014 2017 2018 2017 2012 2016 2015 2018 2018 2015 2016 2013 2017 2019 2015 FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023 NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023 Asbestos Over-naming Reform Disclosure Laws 2021 2020 2021 2021 2022 FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023 NYSCEF DOC. NO. 166 RECEIVED NYSCEF: 07/10/2023 National Trends Cost of Litigation Continues to Increase Bankruptcy Transparency & Over-naming Trends Impact of the Evolution of Asbestos Lawyers & Law Firms COVID & Asbestos Litigation