South African Mining and Asbestos-Related Diseases (D) – The Settlement and the Aftermath Harvard Case Solution & Analysis

In February 2003, Gencor settled with the claimants in asbestos litigation, paying (South African rand) ZAR378 million in the newly established trust with Asbestos and ZAR4.2 million in trust for the Applicants. There were mixed reactions among the lawyers representing the plaintiffs, some believe that Gencor not paid enough, while others were relieved that the fight was over, and the victims would be compensated. This case was the implications for other multinational corporations. For example, one of the South African gold mining conglomerates began to offer the best medical care and benefits for their patients with AIDS, and the door was open for suits against other transnational corporations. This case is part of a series marked by D, UV1350 through UV1353. "Hide
by Pat Werhane, Jenny Mead, Regina Swart, Mollie Painter-Moreland Source: Darden School of Business 5 pages. Publication date: April 11, 2006. Prod. #: UV1353-PDF-ENG

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South African Mining and Asbestos-Related Diseases (D) – The Settlement and the Aftermath

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