by Karl Denninger, Market-Ticker:
Perjury doesn’t just send people to prison who shouldn’t go and let people (including cops) go free who should not. It also is used routinely to financially******individuals and firms — out of houses, money and property.
Garlock Sealing Technologies is a maker of gaskets that since its bankruptcy in 2010 has become a symbol of the corrupt practices of the plaintiffs bar. Lawyers demanded $1.3 billion in payouts from Garlock for mesothelioma patients until federal Judge George Hodges reviewed evidence showing that many of the claims were a sham. The judge in January slashed the company’s liability to $125 million and slammed the trial bar for “misrepresenting” the facts.
Please follow SGT Report on Twitter & help share the message.