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$3.5 Billion Pittsburg Corning Corporation Asbestos Trust Fund Is Now Operating

Asbestos Litigation

Jon 7263

After 16 years of bankruptcy, the $3.5 Billion asbestos trust of Pittsburg Corning Corporation (PPG) opened for the business of paying asbestos victims and their families. PPG announced that the payment plan provided for under the asbestos companies bankruptcy reorganization plan effective April 27, 2016. PPG has emerged from Chapter 11 bankruptcy and has been operating under asbestos-related Chapter 11 protection since April 16, 2000.

After 16 years of bankrutcy, the $3.5 Billion asbestos trust of Pittsburg Cornning Corporation (PPG) opened for the business of paying asbestos victims and their famiies. PPG anounce that that the payment plan provided for under the asbestos companies bankruptcy reorganization plan ffective April 27, 2016. 

National Gypsum Asbestos Bankruptcy Claims Settlement

Asbestos Litigation

Jon 18894

National Gypsum, a leading manufacturer of building materials, filed for bankruptcy in 1990 due to asbestos-related liabilities. As a result, the company established the National Gypsum Asbestos Trust to provide compensation for individuals diagnosed with an asbestos-related illness due to exposure to National Gypsum products.

Who is National Gypsum? Incorporated in Delaware in 1925.Manufacturer and supplier of services for the building and construction industry. Miner of asbestos fibers. Popular trade name: Gold Bond Products
Asbestos products types – drywall, joint compounds, textures, shingles, cement boards, adhesives, acoustical plaster, fireproofing, insulation cement, raw asbestos fiber.

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