Flexitallic Asbestos Trust Fund: Claim Types, Payments and Legal Options

A comprehensive guide to the Federal Mogul Asbestos Personal Injury Trust, detailing its purposes, functions, and procedures for claim submission and resolution.

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 Flexitallic Asbestos Trust

Established to address the asbestos personal injury claims arising from exposure to products under the Federal-Mogul Entities' umbrella, the Federal Mogul Asbestos Personal Injury Trust is an institution formed to ensure rightful compensations. Instituted on December 27, 2007, the Trust plays a crucial role in settling claims, keeping the interests of affected parties at the forefront.

Flexitallic Asbestos Trust Purpose and Functions

The primary aim of the Federal Mogul Asbestos Personal Injury Trust is to utilize its assets for disbursing payments towards asbestos-related injury claims. These claims are directly associated with exposures to asbestos-infused products linked to Federal-Mogul and its subsidiaries and divisions.

These companies, including Turner & Newall (T&N), Flexitallic, Ferodo, Federal-Mogul Products Inc. (FMP), Fel-Pro, and Vellumoid, are collectively referred to as the "Federal-Mogul Entities." Each holds a responsibility in accordance with the prevailing tort law and is bound by the Trust Agreement and the Plan of Reorganization.

Flexitallic Asbestos Trust Claim Submission and Resolution

The Trust, with its organization, ensures all legitimate asbestos injury claims against the Federal-Mogul Entities and other connected, protected parties are duly addressed. This is executed per the Trust Distribution Procedures (TDP), sanctioned by the bankruptcy court. The Trust houses four distinct subfunds, each designed for a specific entity.

These subfunds include the T&N, FMP, Fel-Pro, and Vellumoid subfunds, each with its timeline for accepting claims. For instance, the T&N Subfund began its claim acceptance on August 25, 2010, while the FMP Subfund initiated its process on September 17, 2018.

Flexitallic 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.

Flexitallic Asbestos Products

Spiral Wound Industrial Gaskets
Style 625 for clamp-type and other non-standard flange assemblies
Style CG “Compression Gauge”
Style CGP “Compression Gauge”
Style CG-RJ compression gauge
Style D “Self Centering”
Style M and MC for boiler manhold cober assemblies
Style R-1 for large male and female joints
Style R-3 for large tongue and groove joints
Style R-4 for small tongue and groove joints
Styles HE for multi-pass heat exchanges
Style T for boiler handhold and tubecap assemblies

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.