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.

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 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
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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.