Turner & Newall Asbestos Trust Fund: Claim Types, Payments and Legal Options
Learn about the Federal-Mogul Asbestos Personal Injury Trust, its purpose, and how it efficiently handles claims related to asbestos personal injuries. Dive into its formation, structure, and procedures, ensuring transparency and justice for all claimants.
Introduction to Turner & Newall Asbestos Trust
Established on December 27, 2007, the Federal-Mogul U.S. Asbestos Personal Injury Trust serves as a dedicated body to oversee and disburse payments to victims who have experienced personal injuries due to asbestos exposure linked to Federal-Mogul and its affiliated entities.
Turner & Newall Asbestos Trust Purpose and Functions
The core purpose of the Federal-Mogul Asbestos Personal Injury Trust is to utilize its assets for settling all legitimate asbestos personal injury claims. These claims arise from encounters with asbestos-containing products tied to Federal-Mogul and its allied entities, including but not limited to Turner & Newall (T&N), Flexitallic, Ferodo, FMP, Fel-Pro, and Vellumoid.
To offer a clear and transparent understanding of the Trust's aims and functions, the Trust maintains a website that furnishes crucial details. The website assists claimants and others by elucidating the role and workings of the Trust.
Turner & Newall Asbestos Trust Claim Submission and Resolution
The Trust ensures that all valid personal injury claims related to asbestos exposure are processed against the mentioned defendants, in line with the Trust Distribution Procedures (TDP) ratified by the bankruptcy court. This resolution process is segmented into four distinct subfunds, namely: T&N Subfund FMP Subfund Fel-Pro Subfund Vellumoid Subfund To pursue a claim against the Fel-Pro and Vellumoid Subfunds, claimants can refer to the detailed Q&A section on the Trust's official documents page.
T&N Subfund commenced its claim acceptance on August 25, 2010, at 10:00 A.M. EST. The FMP Subfund followed suit, starting its claim acceptance process on September 17, 2018, at 10:00 A.M. EST.
Turner & Newall Asbestos Trust Current Payment by Claim Type
Current payment amounts for each type of claim:
Mesothelioma Claims:
- Expedited Review: $200,000
- Individual Review: $600,000
- Ratio*: 3.9%
Lung Cancer Claims:
- Expedited Review: $42,500
- Individual Review: $125,000
- Ratio*: 3.9%
* 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.
Turner & Newall Asbestos Products
- Aircell Pipe Covering
- Atlas 85% Magnesia
- Atlas Newtempheit
- Featherweight Pipe Covering
- Kaytherm Pipe Covering
- K & M Hy-Temp Block Insulation
- K & M Pipe Covering
- K & M Rope Packing
- Sindanyo Asbestos Electric Arc and Heat Resisting Board
- Trafford Tile Asbestos Cement Sheets
Turner & Newall 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.
Turner & Newall Trust Fund Mesothelioma & Lung Cancer Compensation Calculator
Get a comprehensive mesothelioma or lung cancer compensation estimate after asbestos exposure form products related to Turner & Newall 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.
Morgan & Morgan is Helping Asbestos Victims for Over 40 Years
America's largest personal injury firm fighting for mesothelioma victims nationwide.
$20 Billion Recovered for Clients
(866) 545-5619
