Leslie Controls Asbestos Trust Fund: Claim Types, Payments and Legal Options

The Leslie Controls, Inc. Asbestos Personal Injury Trust serves to manage and address asbestos injury claims. Created in 2011, the Trust outlines specific procedures for claims, starting from March 2012. Get in touch for more details.

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 Leslie Controls Asbestos Trust

Established in 2011, the Leslie Controls, Inc. Asbestos Personal Injury Trust emerged from the confirmation of the Leslie Chapter 11 Joint Plan of Reorganization. This institution was set up to ensure a systematic approach towards handling, evaluating, and settling valid asbestos personal injury claims.

Leslie Controls Asbestos Trust Purpose and Functions

At the heart of the Leslie Controls Asbestos PI Trust's operations is its Trust Distribution Procedures (TDP). The TDP directs the Trust's mission and provides a blueprint for its day-to-day functions. The chief objective of the Trust is to efficiently process and resolve valid personal injury claims stemming from asbestos exposure.

Leslie Controls Asbestos Trust Claim Submission and Resolution

For those seeking redress for asbestos-related personal injuries, the Trust has a clear framework for claim submissions. To file a claim: A designated claim form serves as the proof of claim, establishing the specifics and merit of each case. Claims were officially accepted by the Trust starting on March 01, 2012. For administrative coherence, the Trust recognizes September 01, 2012, as the Initial Claim Filing Date.

This means claims submitted between March and September 2012 are considered as having been filed on this date. The Trust processes these claims according to the sequence defined by Section 5.1(a)(1) of the TDP.

Leslie Controls Asbestos Trust Current Payment by Claim Type

Current payment amounts for each type of claim:

Mesothelioma Claims:

Expedited Review: $100,000
Individual Review: $350,000
Ratio*: 5.0%

Lung Cancer Claims:

Expedited Review: $25,000
Individual Review: $125,000
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.

Leslie Controls Asbestos Products

Gaskets
Pipe parts
Pumps
Steam valves
Whistles

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.