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

The DII Industries, LLC Asbestos PI Trust for Harbison-Walker Refractories Company, recognized as the "Trust," is a prominent Pennsylvania-based entity. Inaugurated on January 20, 2005, this Trust emerged from the Chapter 11 Joint Plan of Reorganization for DII Industries and other affiliated entities. Various legal institutions, including the US Bankruptcy and District Courts for the Western District of Pennsylvania acknowledged this essential plan.

Dedicated to addressing the asbestos liabilities of significant companies such as Halliburton Company, the Trust aims to ensure fair compensation for affected parties. This includes liabilities associated with other major companies like Harbison-Walker Refractories Company and Kellogg Brown & Root, Inc., to name a few.

The Trust's primary objective is to utilize its resources, primarily its assets and income, to compensate holders of asbestos-related claims. The Trust ensures that present and future claimants equitably receive treatment. To provide a protective measure for Halliburton and its affiliates, an injunction was sanctioned by the Bankruptcy and District Courts. This injunction aims to steer any asbestos-related claims away from the aforementioned entities and direct them toward the Trust. This process ensures a systematic resolution and payment for the claims.

A robust framework governs the Trust in the form of a Trust Agreement and Trust Distribution Procedure. This framework lays down specific criteria and protocols for accepting and paying asbestos-related claims. The procedure mandates certain medical and exposure prerequisites for a claim to be acknowledged. Furthermore, claimants have the option for an exhaustive review of their claim, potentially leading to variations in the claim amounts.

The Trust's resources are chiefly in the form of cash and investment securities. These are projected to be entirely used up in addressing the claims and the Trust's operational costs. For further information, official court documents are available at the US Bankruptcy Court for the Western District of Pennsylvania, Pittsburgh Division.