Garlock Asbestos Trust Fund Claim Types & Payments

Introduction to Garlock Asbestos Trust

The Garlock Settlement Facility, often referred to as "the Trust," originated from the reorganized plan of Garlock Sealing Technologies LLC and its affiliates, combined with OldCo, LLC, which succeeded Coltec Industries Inc. This formation aimed to address and settle asbestos-related claims associated with products from either Garlock or Coltec.

Garlock Asbestos Trust Purpose and Functions

The Trust's primary objective is to resolve, in a just and balanced manner, all asbestos-related claims due to exposure from products affiliated with Garlock or Coltec. To achieve this, the Claims Resolution Procedures (CRP) were introduced. Based on the CRP, the Trust's mission is to ensure all claimants receive their rightful share of the claims' value, working on an unbiased, first-come-first-serve strategy.

In its continuous quest for transparency and efficiency, the Trust recently updated the Claims Resolution Procedures, leading to the release of the Second Amended and Restated CRP, which claimants can easily access on the Trust's online resource page. It's essential to note that the limitation periods, including specific claims' filing deadlines, have been revised, with some claims expiring on April 1, 2022.

Garlock Asbestos Trust Claim Submission and Resolution

For individuals seeking compensation due to asbestos personal injuries, the Trust has a structured process in place. Prospective claimants are required to provide a filled-out Proof of Claim Form to initiate their claim with the Trust. Once submitted, the Trust reviews each claim, ensuring a thorough evaluation before reaching a resolution.

Garlock Asbestos Trust Current Payment by Claim Type

Current payment amounts for each type of claim:

Mesothelioma Claims:

Expedited Review: $37,300

Individual Review: $298,200

Ratio*: 100.0%

Lung Cancer Claims:

Expedited Review: $9,325

Individual Review: $74,550

Ratio*: 100.0%

* 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.

Garlock Asbestos Products

Asbestos Packing

Asbestos Tape

Chemiseal Jacketed Gaskets

Compressed Asbestos Sheet

Garfite 200 Graphite Filament Packing

Insulation Tape

Lattice Braid Packings

Plastallic Packings

Plasti-Pak Packing

Pre-Cut Gasketing

Rope

Spiral Pasti-Thread Seal Tape

Spiral Wound Gaskets

Garlock 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.

Garlock Trust Fund Mesothelioma & Lung Cancer Compensation Calculator

Get a comprehensive mesothelioma or lung cancer compensation estimate after asbestos exposure form products related to Garlock 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.