Bar Date Announced for Raytech Asbestos Claims
The Raytech Trust, encompassing the claims of The Raybestos Manhattan and Raymark Industries, Inc., has established a bar date for asbestos liability claims.
"i) Any claim first diagnosed prior to October 1, 2006 must be filed with the Raytech Trust within one (1) year of the initial claims filing date; and
(ii) Any claim first diagnosed after October 1, 2006 must be filed with the Raytech Trust within one (1) year of the initial claims filing date or three years from the date of diagnosis, whichever occurs later.
The Initial Claims Filing Date was January 15, 2010. Therefore, many of the existing asbestos personal injury claims must be filed and received by the Raytech Trust no later than January 15, 2011.
This Bar Date does not pertain to any asbestos personal injury disease category currently suspended by the Trust. In addition, as to any claims that were time-barred as of the Petition Date, March 10, 1989, the Raytech Trust retains all rights and defenses based on state and federal statutes of limitations and repose."