Celotex Corp Asbestos Trust Fund
Asbestos Trust Funds Claims and Mesothelioma
Celotex Corp Asbestos Trust Fund
In response to the surge of asbestos-related lawsuits, Celotex Corporation, a notable industrial entity, established the Celotex Corp Asbestos Trust Fund to address its asbestos-related liabilities. Initiated during the company’s bankruptcy proceedings, the trust fund allocates a significant portion of its assets to compensate individuals harmed by Celotex Corp’s asbestos products. Since its inception in [year], the trust has been dedicated to providing fair and equitable compensation to victims of asbestos exposure and associated illnesses.
Occupational exposure to asbestos was widespread due to Celotex Corp’s extensive use of asbestos-containing materials in various industrial applications. Workers in occupations such as construction workers, pipefitters, electricians, and insulation installers were at particularly high risk of exposure. Celotex Corp’s products, including insulation materials, pipes, electrical components, and construction materials, were utilized in numerous industries, leading to significant asbestos exposure among workers and, in some cases, the general public.
The Celotex Corp Asbestos Trust Fund, overseen by a dedicated team of trustees and managed by a reputable trust management firm, is committed to ensuring that eligible individuals receive compensation based on the severity of their injuries and other relevant factors. Through transparent guidelines and meticulous review procedures, the trust upholds accountability and integrity in administering compensation to victims and their families.
Key Figures:
- Founded: [Year]
- Assets: Approximately $XX million
- Payouts: Over $XX million to date
- Average Compensation: Ranges from $XX,000 to $XX,000, depending on the extent of injuries.
- Evaluation: Claims meticulously reviewed for fairness
- Accountability: Adheres to established guidelines and regulations
- Support: Assists victims and families throughout the process
- Viability: Focuses on financial stability and sustainability
Additional Information:
- Website: www.celotexasbestostrust.com
- Managed By: Trust Management Solutions, LLC
- Purpose: Compensate those harmed by Celotex Corp’s asbestos products
- History: Established to address asbestos-related liabilities
- Claims Process: Open to victims, with specific eligibility criteria
- Compensation: Determined based on injury severity
- Transparency: Detailed guidelines available online
- Administration: Manages claim submissions, reviews, and distributions
- Mission: Fairly compensate victims while ensuring trust sustainability.
Global Asbestos Disaster Study Estimates More than 39,000 USA Deaths Annually from Asbestos-Related Diseases.
Specifically, asbestos contributes to 34,270 lung cancer deaths, 3,161 mesothelioma deaths, 787 ovarian cancer deaths, 443 larynx cancer deaths and 613 chronic asbestosis death. Source: www.adao.us
Frequently Asked Questions about Celotex Corp Asbestos Trust Fund, Asbestos Exposure, and Mesothelioma Lawsuits
1. What is the Celotex Corp Asbestos Trust Fund?
The Celotex Corp Asbestos Trust Fund was established to address asbestos-related liabilities resulting from Celotex Corporation’s use of asbestos in its products. It provides compensation to individuals suffering from asbestos-related diseases due to exposure to Celotex Corp’s asbestos products.
2. How were individuals exposed to asbestos from Celotex Corp’s products?
Workers and consumers were exposed to asbestos from Celotex Corp’s products through inhalation of asbestos fibers released during handling, installation, maintenance, and demolition of asbestos-containing materials. Occupations such as construction workers, insulation installers, and electricians were particularly at risk.
3. What is mesothelioma and how is it related to asbestos exposure?
Mesothelioma is a rare and aggressive cancer that primarily affects the lining of the lungs, abdomen, or heart. It is primarily caused by exposure to asbestos fibers, with individuals inhaling or ingesting asbestos particles that become lodged in the body’s tissues, leading to the development of cancerous cells over time.
4. How can individuals file a claim with the Celotex Corp Asbestos Trust Fund?
To file a claim with the Celotex Corp Asbestos Trust Fund, individuals must meet specific eligibility criteria and submit the required documentation, including medical records, proof of diagnosis, and evidence of exposure to Celotex Corp’s asbestos products. Claim forms and guidelines are available on the trust fund’s website.
5. What types of compensation are available through the Celotex Corp Asbestos Trust Fund?
The Celotex Corp Asbestos Trust Fund provides compensation for various damages, including medical expenses, lost wages, pain and suffering, and loss of consortium. The amount of compensation awarded depends on factors such as the severity of the individual’s illness and the extent of their exposure to Celotex Corp’s asbestos products.
6. How long does the claims process typically take?
The duration of the claims process can vary depending on factors such as the complexity of the case and the volume of claims received. However, the trust fund aims to process claims as efficiently as possible while ensuring thorough review and fair compensation for eligible claimants.
7. Can individuals pursue legal action in addition to filing a claim with the Celotex Corp Asbestos Trust Fund?
In some cases, individuals may choose to pursue legal action against Celotex Corporation or other responsible parties in addition to filing a claim with the trust fund. Consulting with an experienced asbestos attorney can help individuals explore their legal options and determine the best course of action for seeking compensation.
8. Is there a deadline for filing a claim with the Celotex Corp Asbestos Trust Fund?
While there may not be a strict deadline for filing a claim with the trust fund, it is advisable for individuals to file their claims as soon as possible after diagnosis or discovery of asbestos-related illness. Delays in filing claims could potentially impact eligibility or delay the receipt of compensation.
History of Asbestos Use: Celotex Corp.
Early Adoption and Usage: Celotex Corp, like many industrial companies of its time, embraced asbestos due to its advantageous properties such as heat resistance and durability. Asbestos found its way into various products, from construction materials to automotive parts.
Health Concerns and Regulation: By the mid-20th century, mounting evidence linked asbestos exposure to severe health risks like mesothelioma and lung cancer. Regulatory bodies began implementing stricter guidelines, though many had already been exposed in industries like construction and manufacturing.
Emergence of Legal Battles: As awareness of asbestos-related diseases grew, victims began pursuing legal action against companies like Celotex Corp for their exposure. Lawsuits alleging negligence, failure to warn, and product liability became common, reflecting the severity of the health risks.
Bankruptcy and Trust Fund Creation: Faced with escalating legal costs and liabilities, Celotex Corp filed for bankruptcy protection. To address its asbestos-related debts, the company established the Celotex Corp Asbestos Trust Fund. This fund aimed to compensate victims without prolonged litigation, ensuring a streamlined process for seeking justice.
Continued Litigation and Compensation: Despite the creation of the trust fund, legal battles persist as new cases of asbestos-related diseases surface. Victims and their families navigate the claims process, seeking compensation for medical expenses, lost income, and suffering caused by asbestos exposure.
Asbestos Products Manufactured by Celotex Asbestos Corp.
Celotex Asbestos Corp. was known for producing a wide range of asbestos-containing products for industrial use. Some of the asbestos-containing products manufactured by Celotex Asbestos Corp. include:
- Asbestos insulation materials (including insulation boards, blankets, and spray-on insulation)
- Asbestos-containing pipes (such as asbestos cement pipes)
- Asbestos electrical components (like wiring insulation and electrical panels)
- Asbestos-containing construction materials (including cement sheets and roofing materials)
- Asbestos gaskets and seals
- Asbestos-containing flooring products (such as vinyl asbestos tiles)
- Asbestos cement products (like siding and panels)
- Asbestos-containing adhesives and sealants
- Asbestos-containing fireproofing materials
- Asbestos insulation for HVAC systems
- Asbestos-containing plaster and joint compound
- Asbestos-containing caulks and putties
- Asbestos-containing paints and coatings
- Asbestos-containing automotive parts (such as brake pads and clutch linings)
- Asbestos-containing textiles (like fireproof clothing and insulation blankets)
- Asbestos-containing friction materials (such as brake linings and clutch facings)
- Asbestos-containing packing and gaskets for machinery
- Asbestos-containing filters and filtration materials
- Asbestos-containing heating elements and appliances
- Asbestos-containing marine products (such as insulation for ships and boats)
Celotex Corp. Asbestos Products
- Celotex Asbestos Papers & Roll Boards 1908-1982
- Celotex Carey 7M Cement
- Celotex Carey Asbestos Cement
- Celotex Carey Asbestos Cloth
- Celotex Carey Asbestos Felt
- Celotex Carey Asbestos Insulating Ducts
- Celotex Carey Asbestos Millboard 1906-1982
- Celotex Carey Asbestos Rope 1925-1945
- Celotex Carey Asbestos Tank Jacket
- Celotex Carey Block
- Celotex Carey BTU cement
- Celotex Carey Calcium Silicate Block
- Celotex Carey Buff Blend Textured
- Celotex Carey Silicate Pipe Covering
- Celotex Carey Cell Block
- Celotex Carey Cell Pipe Covering
- Celotex Carey Cenesto Board
- Celotex Carey Corrugated Asbestos Paper 1906-1960
- Celotex Carey Duct Adhesive 1940-1955
- Celotex Carey Fibrous Adhesive 1906-1984
- Celotex Carey Fireclad Asbestos Paper
- Celotex Carey Firefoil Board
- Celotex Carey Firefoil Panel
- Celotex Carey Fireguard Asbestos Paper
- Celotex Carey Flex Board 1925-1964
- Celotex Carey Insulating Cement
- Celotex Carey Insulation Seal
- Celotex Carey Marine Panel 1940-1950
- Celotex Carey Panel Board
- Celotex Carey Pipe Covering
- Celotex Carey Super-Light 85% Magnesia Pipe Covering
- Celotex Carey Temp-Check PCB (pipe covering) 1942-1958
- Celotex Carey Thermaboard
- Celotex Carey Thermalite 1906-1937
- Celotex Carey Thermotex-B
- Celotex Carey Woolfelt
- Celotex Carey York Pipe Covering
- Celotex Careystone Asbestos Cement Siding
- Celotex Careystone Roofing & Sliding
- Celotex Careystone Sheathing
- Celotex Careytemp Adhesive 1961-1968
- Celotex Careytemp Block
- Celotex Careyemp Cement
- Celotex Careytemp Finishing Cement 1941-1968
- Celotex Careytemp Pipe Covering
- Celotex Careytemp Pre-Molded Insulation
- Celotex Everlastic Flashing Cement
- Carey Industrial A-C Boards
- Celotex Vitricel Asbestos Sheets 1941-1960
- Celotex Vitricel Cement No.10 1940-1969
- Celotex Vitricel Cement No.19 1940-1969
- Celobric Buff Blend Textured
- Celobric Insulating Brick Siding
- Vitricel Asbestos Sheets
- Carey Marine Panel
These products were widely used across various industries, including construction, manufacturing, shipbuilding, automotive, and more. It’s essential to recognize the potential health risks associated with exposure to asbestos-containing materials and to seek medical evaluation and legal guidance if exposed.