Dresser Industries Asbestos Trust Fund: Claim Types, Payments and Legal Options

Uncover the ins and outs of the DII Industries, LLC Asbestos PI Trust, its functions, and the process for submitting and resolving claims related to asbestos liabilities.

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 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

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.