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

Asbestos Litigation

Jon 1719

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

Asbestos Litigation

Jon 7369

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. 

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