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

Uncover the evolution, purpose, and functioning of the Quigley Company, Inc. Trust, established in 2013 to manage and address asbestos-related personal injury claims. Delve into its claims submission and resolution process for a comprehensive understanding.

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 Quigley Asbestos Trust

In 2013, as a significant move to address asbestos-related personal injury claims, the Quigley Company, Inc. Asbestos Personal Injury Trust emerged under the guidance of the Quigley Company's Fifth Amended and Restated Plan of Reorganization. This article provides insights into the purpose and functionality of the Trust, along with the intricacies of submitting and resolving claims.

Quigley Asbestos Trust Purpose and Functions

The primary mission of the Quigley Company, Inc. Asbestos Personal Injury Trust is to meticulously process, assess, and disburse payments for valid asbestos-induced personal injury claims. This process is strictly guided by the Trust Distribution Procedures (TDP). The Trust's dedication ensures that victims of asbestos-related afflictions receive the rightful compensation they deserve in a structured and transparent manner.

Quigley Asbestos Trust Claim Submission and Resolution

For those wishing to submit a claim, the Trust has outlined a series of well-defined procedures governed by the TDP. To initiate the process: A claim form, acting as a proof of claim, must be submitted. Necessary documents such as the claim form, electronic filer agreement (for digital submissions), and a full version of the TDP can be easily accessed and downloaded from the Trust's website under the Resources section.

Claim submissions began on August 11, 2014, with the Trust designating February 11, 2015, as the Initial Claims Filing Date. This implies that claims submitted between these two dates will be recognized as filed on the Initial Claims Filing Date. To maintain fairness and order, claims are processed following the sequence mentioned in Section 5.1(a)(1) of the TDP.

Quigley Asbestos Trust Current Payment by Claim Type

Current payment amounts for each type of claim:

Mesothelioma Claims:

Expedited Review: $200,000
Individual Review: $450,000
Ratio*: 14.5%

Lung Cancer Claims:

Expedited Review: $35,000
Individual Review: $90,000
Ratio*: 14.5%

* 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.

Quigley Asbestos Products

Damit Joint Sealant
Fiberock Felt
Insulag Refractory Cement
Insulbox Refractory Cement
Insuline Refractory Cement
Panelag Refractory Cement
Panelbond Refractory Cement
Panels
Waterproof Cement

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.