Fees Paid To Administrators Of Federal Mogul/turner And Newhall

EDM number 1884 in 2002-03, proposed by Michael Clapham on 06/11/2003.

That this House is concerned to learn that $75 million was paid last year to the professional team administering Federal Mogul, the owners of Turner and Newhall; is further concerned that in addition ú465 per hour was paid to the United Kingdom administrator, whose solicitors have taken ú24 million whilst not one penny piece has been paid to the United Kingdom asbestos victims or their families; believes that these outrageous fees stand in stark contrast to the claimant's legal representatives who are willingly giving their time free of charge; and calls on Her Majesty's Government to bring pressure to bear to end this scandalous situation before the funds available to United Kingdom asbestos victims completely haemorrhage away.

This motion has been signed by a total of 64 MPs.