Reading Room

$610 Million Asbestos Trust Fund Approved for O-I Glass (Kaylo Products)

Asbestos Litigation

Jon 1484

The US Bankruptcy Court has approved a $619 Million Asbestos Trust Fund. Paddock Enterprises LLC, a wholly owned subsidiary of O-Glass, Inc., will emerge from bankruptcy. 

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NJ Workers' Compensation Carriers Win a "Get Out of Jail Card" on Asbestos Liability Claims

Workers' Compensation

Jon 10365

Workers' compensation insurance companies have a long history of guarding themselves from liability from asbestos exposure issues. Recently the NJ courts have ruled that workers' compensation insurance companies are shielded from liability when the insurance company performs hygiene studies and does not take action to protect the employees that it has insured under the policy.

National Gypsum Asbestos Bankruptcy Claims Settlement

Asbestos Litigation

Jon 18810

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.

List of Suspect Asbestos - Containing Materials

Asbestos Litigation

Jon 7415

Asbestos is still used in certain industries and workplaces, despite the known health hazards associated with its use. Workers in shipbuilding, automotive, and industrial settings are particularly at risk of exposure to asbestos fibers. To protect workers from the dangers of asbestos, it is essential to follow proper safety protocols and regulations and to phase out the use of asbestos in these industries as soon as possible.

An estimated 1.3 million employees in construction and general industry face significant asbestos exposure on the job. Heaviest exposures occur in the construction industry, particularly during the removal of asbestos during renovation or demolition. Employees are also likely to be exposed during the manufacture of asbestos products (such as textiles, friction products, insulation, and other building materials) and during automotive brake and clutch repair work.

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