Dresser Industries Asbestos Trust Fund Claim Types & Payments

Introduction to Dresser Industries Asbestos Trust

Established in 2005, the DII Industries, LLC Asbestos PI Trust serves a critical role in addressing asbestos liabilities from various affiliated companies. Recognized as a "Qualified Settlement Fund" under the US Internal Revenue Code, this Trust was borne from the Chapter 11 Joint Plan of Reorganization for DII Industries, LLC and its affiliated entities.

Dresser Industries Asbestos Trust Purpose and Functions

The Trust's main objective is to manage and settle asbestos liabilities linked to companies like Halliburton Company, Harbison-Walker Refractories Company, Kellogg Brown & Root, Inc., Dresser Industries, Inc., and others. With the Trust's establishment, these firms found protection under a permanent channeling injunction.

This ensures that any asbestos-related claims against these companies are directed towards the Trust, which becomes responsible for their resolution and payment. The assets under the Trust, which predominantly include cash and investment securities, are dedicated to addressing and paying off the claims and the operational costs of the Trust.

Dresser Industries Asbestos Trust Claim Submission and Resolution

For claimants, the Trust follows a systematic Trust Distribution Procedure (TDP) that outlines the criteria for claim allowance and subsequent payment. Depending on the specific disease linked to asbestos exposure, the TDP sets a claim amount that the Trust will acknowledge, provided the claim meets the Trust's medical and exposure criteria. Furthermore, claimants possess the option to pursue a more comprehensive claim review, which could result in either a higher or lower claim amount.

All pertinent legal documents related to the Trust can be found with the US Bankruptcy Court for the Western District of Pennsylvania under the case details mentioned in the provided article.

Dresser Industries Asbestos Trust Current Payment by Claim Type

Current payment amounts for each type of claim:

Mesothelioma Claims:

Expedited Review: $60,718

Individual Review: $271,749

Ratio*: 60.0%

Lung Cancer Claims:

Expedited Review: $9,872

Individual Review: $42,354

Ratio*: 60.0%

* 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.

Dresser Industries Asbestos Products

Alco Locomotives

Baroid Drilling Mud-Diaseal

Baroid Drilling Mud-Flosal

Baroid Drilling Mud-Super Visbestos

Baroid Drilling Mud-Visbestos

Bay State Abrasives

Clark Compressor

Consolidated Safety Valve

Dresser Pump

Dresser-Rand Compressor

Dresser-Rand Turbine

IMCO Drilling Mud-Best

IMCO Drilling Mud-Diaseal

IMCO Drilling Mud-Flosal

IMCO Drilling Mud-Shurlift

IMCO Drilling Mud-Super Best

IMCO Drilling Mud-Super Visbestos

IMCO Drilling Mud-Univis

IMCO Drilling Mud-Visbestos

Ingersoll-Dresser Pump

Kellogg Brown & Root

Leroi Compressor

Magcobar Drilling Mud-Diaseal M

Magcobar Drilling Mud-Flosal

Magcobar Drilling Mud-Oilfaze

Magcobar Drilling Mud-Visbestos

Magcobar Drilling Mud-Visquick

Manning, Maxwell & Moore

Mid-Valley

Moore Turbine

Pacific Pump

Roots Compressor

Terry Steam Turbine Co.

Worthington Compressor

Worthington-Moore Turbine

Worthington Pump

Worthington Turbine

Dresser Industries Trust Fund Asbestos Exposure Calculator

National average for mesothelioma lawsuit settlements typically range from $1.1 million to $1.5 million while lung cancer settlements may range between $150,000 and $350,000. Use Asbestos Compensation Calculator for a personalized compensation estimate.

Dresser Industries Trust Fund Mesothelioma & Lung Cancer Compensation Calculator

Get a comprehensive mesothelioma or lung cancer compensation estimate after asbestos exposure form products related to Dresser Industries Asbestos Trust Fund. Follow a few quick steps to receive your personalized result in seconds.

Asbestos & Mesothelioma Law Firm 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.