Ferodo Asbestos Trust Fund: Claim Types, Payments and Legal Options
Unveiling the objectives, structure, and claim submission processes of the Federal Mogul Asbestos Personal Injury Trust, established to address asbestos-related injury claims linked to Federal-Mogul Entities.
Introduction to Ferodo Asbestos Trust
The Federal Mogul Asbestos Personal Injury Trust, established in 2007, is dedicated to addressing personal injury claims stemming from asbestos exposure. These claims are tied to products produced by Federal-Mogul and its affiliated entities.
Ferodo Asbestos Trust Purpose and Functions
The primary purpose of the Federal Mogul Asbestos Personal Injury Trust is to use its assets to compensate individuals suffering from asbestos-related injuries. These injuries are linked to products from Federal-Mogul and its subsidiaries, such as Turner & Newall, Flexitallic, Ferodo, and more. All these subsidiaries, along with their direct and indirect descendants, collectively fall under the "Federal-Mogul Entities."
Established in late December 2007, the Trust aims to ensure that all valid asbestos-related personal injury claims against these entities receive their rightful compensation. The organization and distribution of this Trust are overseen by guidelines outlined in the Trust Distribution Procedures (TDP), sanctioned by the bankruptcy court.
Ferodo Asbestos Trust Claim Submission and Resolution
The Federal Mogul Asbestos Personal Injury Trust is divided into four distinct subfunds: the T&N Subfund, the FMP Subfund, the Fel-Pro Subfund, and the Vellumoid Subfund. Each sub-fund has its specific timeframe for accepting claims. For instance, the T&N Subfund began its claim acceptance on August 25, 2010, while the FMP Subfund started on September 17, 2018.
Ferodo 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*: 5.9%
Lung Cancer Claims:
- Expedited Review: $21,250
- Individual Review: $62,500
- Ratio*: 5.9%
* 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.
Ferodo Asbestos Products
- Bonded Asbestos Roll Linings
- Clutch Facings
- Disc Pads
- Drum Brake Linings
- 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
- Molded Bonlt-On type Brake Blocks
- Molded Slabs
- Packings
- Rivet-On Type Molded & Woven
- Y-R
Ferodo 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.
Ferodo Trust Fund Mesothelioma & Lung Cancer Compensation Calculator
Get a comprehensive mesothelioma or lung cancer compensation estimate after asbestos exposure form products related to Ferodo 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.
Peiffer Wolf Carr Kane Conway & Wise is Helping Asbestos Victims for Over 25 Years
Experienced mesothelioma attorneys offer compassionate support and fight tirelessly for justice.
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