USG Asbestos Trust Fund: Claim Types, Payments and Legal Options
Learn about the US Gypsum Asbestos Personal Injury Settlement Trust: its establishment, primary purpose, and the procedures for claim submissions and resolutions.
Introduction to USG Asbestos Trust
The US Gypsum Asbestos Personal Injury Settlement Trust (USG Asbestos Trust) was founded under the Chapter 11 provision of the US Bankruptcy Code, specifically to address asbestos-related claims linked to the USG Company.
USG Asbestos Trust Purpose and Functions
The core function of the USG Asbestos Trust is to settle valid asbestos injury claims against specific defendants and their associated parties. This is carried out following the Trust Distribution Procedures (TDP), which received approval from the bankruptcy court. The key intent of providing this information online is to enlighten claimants and the public about the operations of the USG Asbestos Trust and its mechanism for addressing claims. The Trust officially started processing claims from February 19, 2007, 10:00 A.M. EST onwards.
USG Asbestos Trust Claim Submission and Resolution
For those interested in the nitty-gritty of claim filing, the TDP1 document can be accessed on the Trust's official website. This document provides comprehensive details, including the timeline and methodology for submitting claims to the Trust.
USG Asbestos Trust Current Payment by Claim Type
Current payment amounts for each type of claim:
Mesothelioma Claims:
- Expedited Review: $155,000
- Individual Review: $450,000
- Ratio*: 12.7%
Lung Cancer Claims:
- Expedited Review: $45,000
- Individual Review: $100,000
- Ratio*: 12.7%
* 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.
USG Asbestos Products
- Asbestos Felts & Covering
- Asbestos Paper
- Audicote Acoustical Plaster
- Bondcrete
- Ceiling Tile
- Cement Plaster Regular
- Corrugated Cool Felt Air C. Covering
- Corrugated Wool Felt Covering
- Durabond 90 Joint Compound
- Durabond Joint Compound
- Firecode Plaster
- Glatex Asbestos Cement Siding
- Gypsum Woodfibre Plaster
- Hi-Lite Acoustical Plaster
- Imperial Gypsum Cement Plaster
- Imperial Plaster
- Imperial Tape
- Oriental Exterior Stucco Finish Coat
- Perf-A-Tape Compound
- Perf-A-Tape Joint System
- Pipe Coverings
- Pyrobar Mortar Mix
- Pyrobestos PC Board & Stack Lining
- Range Boiler Jackets Pipe Covering
- Red Top Cement Plaster
- Red Top Firecode Plaster
- Red Top Gypsum Plaster
- Red Top Patching Plaster
- Red Top Plaster
- Rigid Block Insulation (Generic)
- Roofing Products
- Sabinite Acoustical Plaster
- “Sheetrock” Texture
- Siding Shingles
- Spraydon Fireproofing Plaster
- Spray Texture Paint/Finish
- Structolite
- Structo-lite Perlited Gypsum Plaster
- Super Hard Spray
- Texolite
- Textone
- Texture Paint
- Thermalux (Generic)
USG 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.
USG Trust Fund Mesothelioma & Lung Cancer Compensation Calculator
Get a comprehensive mesothelioma or lung cancer compensation estimate after asbestos exposure form products related to USG 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.
Flint Cooper is Helping Asbestos Victims for Over 30 Years
Flint Cooper provides expert legal counsel and powerful advocacy for mesothelioma clients.
$15 Billion Recovered for Clients
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