James Hardie, responsible for paying thousands of people
who where exposed to asbestos says the $1.8 billion fund is running out. This will cause many people to
not receive payments or even any at all before dying.
This has led to a possible injection of funds from the government in the amount of $150 000 000 to
ensure that victims are fully paid.
With a total of $100 000 000 a year being paid from the
fund, it is a sure fact that the money will run out. This has enabled 'Hardie' to delay
Out of the last three years, Hardie has not made payments
for 2 of them due to a loop hole discovered in the system. This loop hole allows them to either pay the
entire amount owed or only 35% of its free cash flow.
Quite a few of the people in this lawsuit will not receive
any compensation of any kind.
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