Reading Room

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

Asbestos Litigation

Jon 7379

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. 

History of Asbestos and the Law

Asbestos Litigation

Jon 9646

A historical review of knowledge leading up to the causal relationship between asbestos and disease.

Asbestos-related disease was reported in industry more than 70 years ago. Dr. H. Montague Murray in 1906 at the Charing Cross Hospital in London testified before a governmental commission inquiry about occupational disability that he had seen a man in 1898 who was very short of breath and who had worked in an asbestos factory. The man's lungs at autopsy were badly scarred. It was Dr. Murray's prediction that since the hazards of this exposure were now known, very few similar cases would occur in the future, and there was no need to provide compensation benefits.

CONTACT US
1.973.696.7900
jon.gelman@gmail.com