Armstrong World Industries Asbestos Trust Fund
Asbestos Trust Funds Claims and Mesothelioma
U.S Asbestos Bankruptcy Trusts Funds have paid out nearly 21 billion to more than 600,000 asbestos claimants. There are about 60 active Asbestos Trust Funds with an estimated $32 billion in remaining assets.
Asbestos Settlement Trusts were established to help compensate workers and their families for asbestos exposure causing Mesothelioma and other asbestos-related diseases. When an Asbestos company establishes a Trust Fund all settlements are managed by trustees that decide the compensation amounts paid to Mesothelioma claimants. U. S. Courts allow Asbestos defendants to file for protection under a legal process known as bankruptcy reorganization. This allows the company to pay claims and stay in business.
Asbestos Trust Fund settlements typically do not come with an admission of guilt by the asbestos company that set up the trust.
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
Armstrong World Industries Asbestos Trust Fund
Head Quarters: Pennsylvania
Turn out: Household materials including flooring, ceiling, insulation, and vinyl material
Operating status: currently operating
Asbestos Trust: Yes
Trust began: 2007
Trust Amount: 2.1 billion
Asbestos Trust Fund
In 2002, the Armstrong World Industries created a trust fund consisting of two-thirds of their company shares, in order to cope with all of their asbestos related lawsuits. The funds were available to them due to the bankruptcy in 2000. In 2007, they officially started accepting claims with a trust funded by over $2 billion. Your settlement is based off of factors including the amount of exposure, age, and type etc. In 2020, the payment percentage was 19.7 which had decreased from past years. Currently Armstrong World Industries still has over 3,000 employees and over 25 manufacturing plants.
The ramifications from the exposure and use of asbestos did not begin to come to light until the middle of the 1980’s. It was found that the company understood that the material was harmful starting in the 1930’s, but high up company executives did not feel it was their responsibility to warn their employees.
There were two main cases that set the precedent for asbestos litigation. The first occurred in 1991 when Raymond Miller who was an insulator was diagnosed with pleural thickening before being officially diagnosed with asbestos poisoning. He won the case and the company was soon covered in lawsuits. His case set a new precedent in Colorado law that filing a claim having to do with a second asbestos-related disease does not need to occur upon beginning signs of the first disease.
The other case was Borel v. Fibreboard Paper Products Corporation et. al. where courts sided in favor of Clarence Borel. They claimed that the company failed to give them a warning of risk they were being exposed to.
All of the legal expenses forced Armstrong World Industries to file for bankruptcy in 2000. More than 150,000 individuals came forward, claiming asbestos-related diseases. Not only did they have to file for bankruptcy, but they were also put on a list of top polluters in the US. Their image was so destroyed that they had to rebrand in order to reorganize.
Due to the fact that products containing asbestos were highly prevalent in Armstrong World Industries many individuals including workers and the general public were put at risk. 30 years after the industries were started over 750 individuals were employed, and from there they only expanded. In 2016 they had 3,000 employees and the company was known for their concern for employees. High risk employees include: plant workers, insulation installers, acoustical workers, construction workers, factory workers, machine operators, floor tile layers, research employees, production employees, and mechanical engineers. Every single worker they employed from the 1900’s to 1980’s may have been exposed to harmful asbestos from working near or with products. Not only were the workers effected, but the products manufactured were installed in homes around the country as well as utilized during World War II.
History of Asbestos Use
Armstrong World Industries originated in Pittsburgh, Pennsylvania, and was founded in1860 by John D. Glass and Thomas M. Armstrong. The company flourished quickly and by the 1890’s Armstrong World Industries was incorporated and considered one of the largest cork manufacturers in the world.
After conquering the cork industry, they began to expand and produce other products including insulation, flooring, and ceiling materials. Coincidently at the same time they began to expand, the use of asbestos became popular due to how inexpensive it was. One of their most popular products that used the toxic materials was vinyl asbestos tile which could be found in homes across the USA. Asbestos is a group of minerals that contain fibers that stop heat, and companies are allowed to use the product as long as it doesn’t account for more than 1% of the product. Armstrong World Industries had products with an incredibly high amount of the toxic material. For example, their vinyl and linoleum flooring contained up to 70% asbestos, and their limpet spray insulation contained 100% asbestos. Employees working for Armstrong and World Industries as well as the general public were exposed to these harmful materials. People with exposure were put at risk for diseases such as mesothelioma or asbestosis as well as cancers which have serious long-term effects.
Armstrong World Industries continued thriving through difficult circumstances including the death of Thomas Armstrong, the Great Depression, and World War II. The company’s business continued to surge, and they were able to build factories in California, Illinois, and Mississippi. Armstrong World Industries was able to capitalize on the war by producing plane parts, submarine parts, ammunition, and even camouflage. Asbestos was a material highly utilized in the war by many industries.
The industry did not stop working with asbestos until 1987, and by this point Armstrong World Industries consisted of multiple companies and entities. By 2000 over 175,000 claims had been made against the company for harmful effects and injuries from asbestos. It was estimated that their potential liability would be over $1.3 billion. Finally, in 2000, the company filed for bankruptcy and six years later they reorganized. When they reorganized, they set up an asbestos trust fund and in 2007 began receiving claims.
Accobest AS-474 Gasketing Material
Accobest AS-8073 Gasketing Material
Accopac AD-8024 Asbestos Paper
Armstrong 314 Acoustic Cement 1945-1953
Armstrong Armaspray 1966-1968
Armstrong Accobest Gasketing Material 1963-1967
Armstrong Accopac Asbestos Paper 1930-1939
Armstrong Armaspray 16 Spray-on Insulation
Armstrong Armatemp Cement No.10
Armstrong Asphalt Tile 1961-1972
Armstrong CC Navy Sealer 1931-1972
Armstrong Excelon Tile
Armstrong Excelon Vinyl Asbestos Floor Tile 1939-1957
Armstrong Heavy-Duty FRJ 1954-1980
Armstrong Heavy-Duty FRJ Insulation Jacket
Armstrong Hydrocord Flooring Felt 1939-1957
Armstrong LT- Cork Covering
Armstrong LT- Minus Thirty Cork Covering
Armstrong LT- Thirty Cork Covering
Armstrong LT- Zero Cork Covering
Armstrong LT Sealer
Armstrong Nonpareil High-Pressure Cement
Armstrong Nonpareil High-Pressure Covering Block
Armstrong Ring Facing Material
Armstrong Rubber Tile
Armstrong S-89 Adhesive 1939-1957
Armstrong S-90 Adhesive 1939-1957
Armstrong Sheet Gasketing Material
Armstrong Sprayed Limpet
Armstrong Vinyl Asbestos Tile 1955-1956
CC Navy Sealer 1942-1962
Hydrocord Flooring Felt- 1955-1963
LT- Cork Covering 1956-1959
LT Sealer 1939-1957
Nonpareil High-Pressure Cement 1909-1932
Nonpareil High Pressure Covering Block 1909-1932
S-89 (adhesive) 1965-1983
S-90 (adhesive) 1934-1983
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How Do Mesothelioma Trust Funds Work?
Asbestos exposure victim’s diagnosed with mesothelioma and other asbestos-related diseases can submit their claims to asbestos settlement trusts belonging to the bankrupt asbestos companies responsible for their illness. Surviving relatives of mesothelioma that have died from asbestos exposure are also eligible to submit claims to responsible asbestos trust funds.
After submitting a claim, asbestos trust funds decide whether to pay a claim. The decision to pay a claim is made separate from the company that created the trust fund.
Asbestos Trust Fund Information
- There are more than 65+ Asbestos Trust Funds set up by U. S. Courts.
- Asbestos bankruptcy reorganization can be a lengthy process that can span several years.
- Asbestos Trusts publish additional information about their Trust guidelines, qualifications and rules.
- Representatives of current and future Mesothelioma claimants must consent to any significant changes to these trusts.
- Since 1988, Asbestos trusts have paid out about $17.5 billion representing more than 3 million claims.
- Since 2011, Asbestos Trust Funds have combined assets of $36.8 billion.
- Since 2010, the average percentage paid per asbestos victim is 25 percent of a claim.
- Asbestos Trust Funds set Statutes of Limitations that only allow a certain amount of time to file an Asbestos claim.
- Mesothelioma Claimants can sometimes file both Asbestos Trust lawsuits and Asbestos claims.
- S. Courts must approve the amount that is set aside before the Asbestos company will be granted bankruptcy protection.
Evidence Required to File an Asbestos Trust Fund Claim
Diagnosis: Medical Documentation, including biopsy information, and pathology report, showing claimant is diagnosed with mesothelioma or an asbestos-related disease.
Physician Statement: The victim must also provide medical documentation to confirm the mesothelioma diagnosis, signed off by a doctor or mesothelioma specialist.
Exposure Evidence: Witness affidavits, employment records, company invoices linking a company product or facility to asbestos exposure.
Asbestos Trust Fund Claims
It is very important to contact a Mesothelioma lawyer soon after you have been diagnosed with Mesothelioma. The only known cause of this Mesothelioma is exposure to asbestos. Mesothelioma is a progressive disease, with a 10-50 year-latency period developing over years or even decades in many patients. Therefore, your statute of limitations does not begin with the time of exposure. Rather, it begins with your diagnosis that you have Mesothelioma.
If you have been diagnosed with Mesothelioma, you have legal rights. But you need to act quickly, because the statute of limitations in most states is 1-3 years.
Mesothelioma and Asbestos Exposure
- Malignant Mesothelioma is commonly diagnosed in people between the ages of 50 and 75 years old.
- There are 3000-3,500 malignant Mesothelioma cases diagnosed each year in the United States.
- 1 in 3 U. S. military veterans will develop an asbestos related disease in their lifetime.
Armstrong World Industries Asbestos Trust Fund and Mesothelioma Claims
A person diagnosed with Mesothelioma may be entitled to recover compensation for the following:
Factors that May Affect the Value a Mesothelioma Case Include:
- Age, Gender, Location, and Work History
- History of Military Service
- Pain and Suffering
- Where Asbestos Exposure Occurred
- How Many Asbestos Products are involved with Your Exposure
There Are 4 Primary Types of Mesothelioma Claims:
Product Liability – Can be filed against companies that manufactured and distributed asbestos products.
Medical Malpractice – Can be filed against doctors or hospitals if they misdiagnose or delay your diagnosis of Mesothelioma.
Workers Compensation – Can be filed against an employer if you were exposed to asbestos while on the job.
Wrongful Death – Can be filed against asbestos manufacturers, asbestos distributors, or an employer of a product containing asbestos that directly caused a person’s death if their actions constituted gross negligence for a deceased worker s safety.
How a Mesothelioma Attorney Can Help
An experienced Mesothelioma lawyer will help you to file a Mesothelioma lawsuit to hold negligent asbestos manufacturers and asbestos companies accountable for the severe pain and suffering that comes with a Mesothelioma cancer diagnosis.
Military Veterans and Asbestos Exposure
Recent Mesothelioma Verdicts
- $4.6 Million Mesothelioma Settlement: For a union insulator that developed malignant Mesothelioma from asbestos exposure.
- $10.2 Million Mesothelioma Verdict: For a Paper Mill worker suffering from pleural Mesothelioma.
- $8 Million Mesothelioma Award: For a man diagnosed with Mesothelioma.
- $1.2 Million Mesothelioma Settlement: For a 76 year-old carpenter that developed malignant Mesothelioma.
- $1.1 Million Veteran Mesothelioma Settlement: For a Navy veteran machinist that developed malignant Mesothelioma at age 71.
- $245,000 Asbestosis Settlement: For a Paper mill worker suffering from Asbestosis.
- $2.5 Million Mesothelioma Settlement: For a union pipefitter man who died from malignant Mesothelioma.
- $2.6 Million Shipyard Worker Mesothelioma Settlement: For the family of a 72-year old shipyard worker with Mesothelioma who suffered secondhand exposure.
- $5 Million Navy Veteran Mesothelioma Verdict: For a Navy Boilerman who developed Mesothelioma during his service.
- $1.8 Million Mesothelioma Settlement: For a carpenter that developed malignant Mesothelioma at age 68.
- $7.5 Million Mesothelioma Verdict: For a woman that developed peritoneal Mesothelioma from laundering her husband s work clothes.
TO GET HELP – Our Nationwide Toll-Free Mesothelioma Helpline Number is 888.640.0914
Settlement Averages for Mesothelioma Lawsuits
The average verdict in a mesothelioma lawsuit is about $2.4 million, and the average settlement is between $1 million and $1.4 million according to Mealey’s Litigation Report.
Malignant Mesothelioma is rare form of cancer that affects lining of the lungs, abdomen, heart, and major organs in the body. Mesothelioma is a disease in which malignant cancer cells are found in the sac lining the chest (pleura) or the abdomen (peritoneum). There are about 3,000 new malignant Mesothelioma cases diagnosed each year in the U. S. If you are experiencing any Mesothelioma symptoms you should contact a doctor immediately.
Diagnosed With Mesothelioma?
If you or a family member has been diagnosed with malignant Mesothelioma you are going to have a lot of questions about living with Mesothelioma and what legal options you have against asbestos manufacturers and asbestos companies for your asbestos exposure. Mesothelioma is a seriously deadly disease. According to the American Cancer Society with the average survival time for people with Mesothelioma is 4-18 months.
Mesothelioma Personal Injury Lawsuit
Can be filed by anyone after being diagnosed with mesothelioma cancer.
Can be Filed against companies responsible for a victim’s asbestos exposure.
A Mesothelioma personal injury lawsuit allows victim’s to receive compensation for pain, and suffering, lost wages, costly treatment, travel, and other and related costs.
Call TOLL FREE 888.640.0914 right now to talk with a live Mesothelioma Counselor that can answer many of your questions and give you the peace of mind that you need.
Family Member Died From Mesothelioma?
If you have a family member that has died from Mesothelioma cancer you should immediately consult with an experienced Mesothelioma diagnosis lawyer about what compensation may be available to you from asbestos trust funds that total more than 30 billion dollars.
Mesothelioma Wrongful Death Lawsuit
Can be filed by surviving family members after the death of a loved one from mesothelioma cancer.
Can be Filed against asbestos companies responsible for a victim’s asbestos exposure causing death.
A Mesothelioma wrongful death lawsuit allows victims to receive compensation for burial and funeral expenses, lost wages, loss of companionship, and other and related costs.
It is VERY IMPORTANT that you file your Mesothelioma claim within your states Statute of Limitations.
We have seen many families lose their right to file a lawsuit because their Statute of Limitations had expired while they were grieving. We know it is a tough time to grieve the loss of a loved one, but please do not let your Statute of Limitations expire for filing your Mesothelioma lawsuit. In most states the Statute of Limitations is 2-3 years. Some states have 6-year Statute of Limitations.
Mesothelioma Latency Period
Mesothelioma has a long latency period of 10-50 years. Many Veterans, Shipyard Workers, Construction Workers, Power Plant Workers, Mill Workers, Steel Workers, Railroad Workers, Pipefitters, Insulators, Electricians, Carpenters, Welders, Auto Mechanics, Veterans, Factory Workers, and laborers are living in the early stages of a variety of asbestos related diseases. Many Mesothelioma lawyers will not accept asbestosis, asbestos lung cancer, pleural plaques, pleural thickening, colon cancer and esophageal cancer cases.
There is More Than 30 Billion Dollars Set Aside for Mesothelioma and Asbestos Victims in Asbestos Bankruptcy Trusts
Need a Mesothelioma Lawyer?
If you or a family member has been diagnosed with Mesothelioma or an asbestos related disease, we can help you start a Mesothelioma lawsuit against asbestos companies responsible for your injuries. Our experienced nationwide Mesothelioma lawyers will come to you.
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We can usually tell within a few minutes whether we can help you, and if we can not maybe direct you to someone who can. We are always accessible by phone, email and online chat.
We are always available to answer your questions with a phone call and will always keep you informed. We will do everything we can to ensure that you receive the highest compensation for your injuries.
If you have a legal question about a Mesothelioma lawsuit, you don t have to come into our office. Call us, and you will speak directly to a lawyer, and if a lawyer is not available, your call will be returned as quickly as possible.
Workers and Asbestos Containing Products
People that worked in shipyards, refineries, power plants, mills, factories, plants, salvage yards, engine rooms, installing brakes, gaskets, insulation, valves and pipes have a higher risk of developing an asbestos related disease in their lifetime.
How Second-Hand Asbestos Exposure Occurs
When asbestos is disturbed, broken apart, cut, decayed, or damaged, it releases tiny asbestos microscopic fibrous particles that can cling to hair and clothing. These asbestos fibers are easily transferred to others where they can accumulate in the lining of lungs that cause mesothelioma lung
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Asbestos Trust Funds: Armstrong World Industries Asbestos Trust Fund