This conference, held in San Francisco on 8-10 September 2014, examined recent trends, verdicts, and key developments in asbestos litigation in the US. NERA Vice President Mary Elizabeth Stern participated in a panel discussion on asbestos exposure in mergers, acquisitions, and other transactions. The panel focused on the valuation of asbestos liabilities, the valuation of potentially responsive insurance assets, the importance of scenario modeling, and risk transfer considerations.