Pittsburgh Corning Asbestos Trust Fund: Claim Types, Payments and Legal Options

The Pittsburgh Corning Corporation Asbestos Personal Injury Settlement Trust offers a structured way to address asbestos-related injury claims. This article delves into its purpose, functioning, and the process 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 Pittsburgh Corning Asbestos Trust

The Pittsburgh Corning Corporation Asbestos Personal Injury Settlement Trust, commonly known as "the Trust" was conceived under Chapter 11 of the Bankruptcy Code. Its primary mission is to address and resolve the Asbestos Personal Injury Claims. This establishment stands as an embodiment of a comprehensive strategy to ensure fairness and equity for present and future claimants.

Pittsburgh Corning Asbestos Trust Purpose and Functions

The Trust operates under the directives of the Modified Third Amended Joint Plan of Reorganization, guided by its set parameters. Overseen by its appointed Trustees, the Trust ensures a balanced, equitable, and consistent treatment for all claims. The framework's design and administration by the Trustees uphold the tenets of fairness and uniformity for all present and potential future claims.

Pittsburgh Corning Asbestos Trust Claim Submission and Resolution

For those seeking to submit a claim, clear guidelines and procedures are available. These provide crucial insights into timelines, modes of submission, and other vital details. Notably, the Trust commenced accepting claims pertaining to the Pittsburgh Corning Corporation Asbestos Personal Injury Settlement on March 21, 2017, from 10:00 A.M. EST.

Pittsburgh Corning Asbestos Trust Current Payment by Claim Type

Current payment amounts for each type of claim:

Mesothelioma Claims:

Expedited Review: $175,000
Individual Review: $500,000
Ratio*: 24.5%

Lung Cancer Claims:

Expedited Review: $47,500
Individual Review: $100,000
Ratio*: 24.5%

* 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.

Pittsburgh Corning Asbestos Products

Braided Rod Packing
Foamglas Building Insulation
Gasoline Packing
Insubestos Felt Insulation
Insutape
Semi-metallic Asbestos High Pressure Packing
Unarco Insulating Cement #50
Unarco Insulating Cement #75
Unibestos Block Insulation
Unibestos Insulation
Unibestos Pipe Covering

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.