ABB Lummus Global Asbestos Trust Fund: Claim Types, Payments and Legal Options

Dive into the origins and purpose of the ABB Lummus Asbestos Trust, established in 2006, designed specifically for the efficient processing and compensation of valid asbestos injury claims. Here's an in-depth exploration of its functionality, claim procedures, and how to reach out directly.

Table of Contents
Introduction
Trust Purpose and Functions
Claim Submission and Resolution
Current Payment by Claim Types
Asbestos Products
Legal Options & Free Legal Consultation

Introduction to ABB Lummus Global Asbestos Trust

The ABB Lummus Asbestos Trust, formed in 2006, emerged as an outcome of ABB Lummus Global Inc.'s Chapter 11 Reorganization Plan. Designed to address and streamline asbestos injury claims, this Trust has been instrumental in ensuring justice and compensation for affected parties.

ABB Lummus Global Asbestos Trust Purpose and Functions

Originating from the confirmation of ABB Lummus Global Inc.'s reorganization, the Trust's primary purpose is to process, validate, and ultimately compensate valid personal injury claims related to asbestos exposure. The creation of the Trust is a testament to ABB Lummus Global Inc.'s commitment to addressing the issues arising from asbestos-related damages, ensuring that all valid claims are adequately addressed systematically and efficiently.

ABB Lummus Global Asbestos Trust Claim Submission and Resolution

To maintain transparency and clarity in its operations, the Trust follows a set of distribution procedures, often referred to as the "TDP" (Trust Distribution Procedures). Under the guidelines of the TDP, the Trust has set forth clear policies that guide individuals in submitting their claims for asbestos-related injuries. Part of this procedure involves submitting a specific claim form, which stands as proof of one's claim, ensuring a fair and structured evaluation process.

ABB Lummus Global Asbestos Trust Current Payment by Claim Type

Current payment amounts for each type of claim:

Mesothelioma Claims:

Expedited Review: $25,000
Individual Review: $400,000
Ratio*: 9.5%

Lung Cancer Claims:

Expedited Review: $7,500
Individual Review: $75,000
Ratio*: 9.5%

* The trust funds ensure a fixed percentage of compensation known as a "ratio", which reserves funds for potential future victims based on the claim's worth.

ABB Lummus Global Asbestos Products

AC cables
Electrical systems
Feedwater heaters
Gas-insulated switchgears
Gaskets
Generators
High-capacity transformers
Steam turbines
Valves
Wiring insulation

Asbestos Law Firms Near You

National law firms, with their experience in handling cases and trust fund claims across the country, can be a smart choice. Opting for a nationwide firm means you'll have a team of lawyers who know the ins and outs of asbestos cases in every state. They'll figure out the best place to file your claim and make sure it's done within the legal deadlines, all to get you the maximum possible compensation.