G-I Holdings Asbestos Trust Fund: Claim Types, Payments and Legal Options

Discover the core functions and procedures of the G-I Holdings Inc. Asbestos Personal Injury Settlement Trust. Established in 2009, the Trust serves as a structured system for processing and liquidating valid asbestos personal injury claims. Delve into the significance of its creation, the purpose it serves, and the procedures for submitting and resolving claims.

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 G-I Holdings Asbestos Trust

Established in the aftermath of the G-I Holdings Inc. Chapter 11 Joint Plan of Reorganization, the G-I Holdings Inc. Asbestos Personal Injury Settlement Trust embarked on its journey in 2009. Designed to manage, verify, and remunerate valid asbestos-related injury claims, the Trust operates following its Amended Trust Distribution Procedures.

G-I Holdings Asbestos Trust Purpose and Functions

The G-I Holdings Inc. Asbestos Personal Injury Settlement Trust was birthed from the necessity to provide a structured avenue for individuals harmed by asbestos. Its primary objective revolves around the streamlined processing and payment of genuine asbestos personal injury claims. In alignment with its mission, the Trust adheres to the guidelines set forth in the Amended Trust Distribution Procedures (commonly referred to as the "TDP").

G-I Holdings Asbestos Trust Claim Submission and Resolution

To lodge a claim, claimants must follow a set procedure. The Trust has in place policies that guide the submission and review of claims related to asbestos injuries. An integral part of this process is the claim form, which stands as proof of the claim with the Trust. The window for filing claims opened on October 4, 2010. The Trust has set the initial Claim Filing Date as April 4, 2011.

This implies that all claims submitted between October 4, 2010, and April 4, 2011, are recognized as having been filed on this Initial Claim Filing Date. The Trust undertakes the processing of these claims in a sequence defined by Section 5.1(a)(1) of the TDP.

G-I Holdings Asbestos Trust Current Payment by Claim Type

Current payment amounts for each type of claim:

Mesothelioma Claims:

Expedited Review: $155,000
Individual Review: $450,000
Ratio*: 5.0%

Lung Cancer Claims:

Expedited Review: $45,000
Individual Review: $100,000
Ratio*: 5.0%

* 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.

G-I Holdings Asbestos Products

Air Cell
Aristo and Imperial insulation
Asbestos Paper and Cloth
Calsilite-Hi
Calsilite SS
Cement Roofing Shingles
Cements, Adhesives, Plasters, and Coatings
Floor Tiles
Insulation
Luran Regency, Airtred and Imperial
Pipe Covering and Pipes
Raw Asbestos Fiber
Roofing, Shingles, Base Felt, and Siding
Supercell
T/NA100 and T/NA200

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.