UPDATE 1-Labor hits U.S. asbestos bill as company bailout


(Recasts, adds detail, reaction to labor opposition) By Susan Cornwell WASHINGTON, May 20 (Reuters) - Organized labor on Tuesday denounced a Republican senator's proposal for curbing asbestos lawsuits as a "corporate bailout", while Democrats debated whether to co-sponsor the measure. AFL-CIO General Counsel Jon Hiatt charged that Utah Republican Orrin Hatch's $108 billion plan was a deep disappointment after lengthy negotiations between unions, business, insurers and lawmakers on the ...

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