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(Studio) Johns-Manville Corporation reported filing for bankruptcy.
REPORTER: Dan Rather
(NYC) Company said filing for bankruptcy due to number of lawsuits pending against it arising from asbestos controversy; situation examined in detail. [Company president John McKINNEY - notes impact of lawsuits.] Cases such as that of Troy Schupback, suffering from asbestos-related disease, noted. [Marion and Troy SCHUPBACK - discuss his condition.] Schupback's suit noted automatically halted by pending lawsuits. [Plaintiff's attorney Roman SILBERFELD -thinks bankruptcy is a sham.] Manville noted claiming federal government partially responsible. [McKINNEY - criticizes government's irresponsibility.] General criticism of bankruptcy petition outlined.
REPORTER: Gary Shepard
- Rather, Dan;
- Shepard, Gary
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