Federal Mogul Asbestos Trust Fund: Claim Types, Payments and Legal Options
Learn about the Federal Mogul Asbestos Personal Injury Trust, its purpose, how it functions, and the steps to submit and resolve claims related to asbestos injuries. This comprehensive guide provides insight into the various subfunds and relevant contact details.
Introduction to Federal Mogul Asbestos Trust
The Federal Mogul Asbestos Personal Injury Trust is a dedicated institution established to manage and utilize its assets to address asbestos-related injury claims. These claims arise from exposure to asbestos through products associated with specific entities linked to Federal-Mogul.
Federal Mogul Asbestos Trust Purpose and Functions
The Trust's primary objective is to compensate all valid personal injury claims resulting from asbestos exposure via products for which Federal-Mogul, its subsidiaries, and affiliated entities have legal liability. This responsibility is acknowledged under the directives of the Plan of Reorganization and the Trust Agreement.
To efficiently manage the distribution of claims, the Trust operates through four distinct subfunds: T&N Subfund FMP Subfund Fel-Pro Subfund Vellumoid Subfund These subfunds correspond to different entities or subsidiaries, ensuring that claims are processed and compensated systematically and fairly.
Federal Mogul Asbestos Trust Claim Submission and Resolution
Those seeking compensation for asbestos-related injuries can submit their claims to the Trust. However, it's essential to note that each subfund has specific commencement dates for accepting claims. For instance: T&N Subfund started processing claims from August 25, 2010. FMP Subfund initiated its claim acceptance on September 17, 2018.
Federal Mogul Asbestos Trust Current Payment by Claim Type
Current payment amounts for each type of claim:
Mesothelioma Claims:
- Expedited Review: $100,000
- Individual Review: $300,000
- Ratio*: 6.9%
Lung Cancer Claims:
- Expedited Review: $21,250
- Individual Review: $62,500
- Ratio*: 6.9%
* 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.
Federal Mogul Asbestos Products
- Bonded Asbestos Roll Linings
- Clutch Facings
- Disc Pads
- Falcon Roll Linings
- FDB103 Disc Brake Pad
- FDB104 Disc Brake Pad
- FDB10 Disc Brake Pad
- FDB23 Disc Brake Pad
- FDB54 Disc Brake Pad
- FDB9 Disc Brake Pad
- Ferobestos
- Fero-Grip
- FZ Roll Linings
- Heavy Duty Brake Linings and Drum Brake Linings
- Molded Bonlt-On type Brake Blocks
- Molded Slabs
- Packings
- Rivet-On Type Molded & Woven
- Y-R
Federal Mogul 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.
Federal Mogul Trust Fund Mesothelioma & Lung Cancer Compensation Calculator
Get a comprehensive mesothelioma or lung cancer compensation estimate after asbestos exposure form products related to Federal Mogul 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.
Lowe Law Group is Helping Asbestos Victims for Over 15 Years
Compassionate legal support and clear communication for mesothelioma cases.
$265 Million Recovered for Clients
(866) 968-7171
