G-I Holdings Inc. Asbestos Personal Injury Settlement Trust

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

G-I Holdings Inc. Asbestos Personal Injury Settlement Trust



Head Quarters: Wayne, New Jersey

Turn out: Roofing and construction materials

Operating status: Still Currently Operating

Asbestos Trust: Yes

Trust began: 2009

Trust Amount: $770 million

Asbestos Trust Fund

After filing for bankruptcy in 2001, G-I Holdings, the parent company of GAF Corporation, created a trust to handle the current and future asbestos claims. The trust was officially formed in 2009 and began accepting claims in 2010.  Every case is evaluated on various factors, including age, exposure, and illness.  Currently, the payment percentage for successful claims is 7.4%.

Asbestos Litigation

GAD began seeing asbestos-related lawsuits at the end of the 1980s, and by 2005 the company and G-I Holdings had paid over $750 million to asbestos victims.  It was expected that the company would face over 100,000 asbestos lawsuits to handle the accumulating claims G-I Holdings, GAF’s parent company, filed for Chapter 11 bankruptcy in 2001.

Occupational Exposure

Since products containing asbestos were highly prevalent in GAF, many individuals, including workers and the general public, were put at risk.  Since the company expanded quite quickly, there were multiple locations where individuals may have come into contact with asbestos materials.  Some workers were exposed on a routine schedule, and due to effects have asbestos-related health complications.  Various occupations that may have been affected include: carpenters, chemical plant workers, construction workers, electricians, flooring workers, GAF asbestos miners, GAF manufacturing plant workers, HVAC workers, insulators, metal workers, oil refinery workers, painters, plumbers, power plant workers, roofers, Ruberoid manufacturing plant workers, siding contractors, Veterans of the U.S. armed forces.

History of Asbestos Use

Initially known as American I.G., G-I Holdings started as an American Branch of the German company I.G. Dyes, a chemical conglomerate. After the company acquired General Aniline Works and merged with Agfa-Ansco Corporation, they decided to change the name to General Aniline and Film in 1939.

The company was growing consistently but paused in 1942 when the United States of America seized the company during World War II due to its affiliation with Germany.  The company was run for twenty-three years by federal-government-appointed directors.  In 1965 the company was released, and they decided to expand and go public.  They acquired Ruberoid Corporation, a roofing supply manufacturer, and three years later permanently switched their name to GAF.

When the company acquired Ruberoid Corporation, they also joined the world of asbestos.  Ruberoid had an asbestos mine in Lowell, Vermont and had a product line containing asbestos in products such as insulation and roofing shingles.  Although asbestos became known as dangerous in the early 1930s, the Ruberoid asbestos mines stayed open until 1975, and that same year miners raised enough money to purchase the mines from GAF.   GAF products containing asbestos were produced through 1981.

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.  GAF products were using asbestos in their products above the legal limit.  Employees working for them were exposed to environments full of airborne asbestos fibers.  When exposed to large amounts of the materials, it can cause diseases such as mesothelioma, asbestosis, and cancers with serious long-term effects.

GAF Corporation saw the bulk of its success in the mid-1980s when there was a demand for its products.  Over time their asbestos history caught up to them, and they began accumulating thousands of asbestos-related illness lawsuits.   Eventually, they were forced to file for bankruptcy due to financial costs.

Asbestos Products


Chrysotile Asbestos Fiber

GAF Air-Vent Asbestos Felt

GAF Asbestos Base Felt Roofing

GAF Asbestos Combination Flashing

GAF Asbestos Rollboard

GAF Asphalt Tile

GAF Boiler Jackets

GAF Brick-Strip Paper

GAF Bright Future Luxor Vinyl Floors

GAF Calsilite Insulating Cement

GAF Cement Roofing Shingles

GAF Color-Tex Cement Sheets

GAF Contico Asbestos Floor Tile

GAF Coverkote

GAF Fashioncraft VinylFlex Floor Tile

GAF Flat and Corrugated Asbestos Paper

GAF Flat Corrugated Asbestos Paper

GAF Frost-Proof Pipe Covering

GAF Grade Hard Finish (HF) Cement

GAF Hearth-Glow Brick

GAF Hi Pipe Covering

GAF Hooker Grade Fiber

GAF Imperial Insulation

GAF Imperial Sheet Vinyl Flooring

GAF Insulating Cement

GAF Luran Airtred Vinyl Floors

GAF Luran Airtred Sheet Vinyl Flooring

GAF Luran Imperial Sheet Vinyl Flooring

GAF Luran Regency Sheet Vinyl Flooring

GAF Pipe Covering Insulation

GAF Range Boiler Jacket

GAF Roofing Felts

GAF Roofing Painting Products

GAF Satin Finish Cement

GAF Sheet A-1 Vinyl Floors

GAF Sponge Felt

GAF Stoneglow Vinyl Asbestos Tile

GAF Sure-Stik Adhesive-Backed Vinyl Tile

GAF T/NA Insulation Jacket

GAF T/NA 100 Asbestos Paper

GAF T/NA 100 Plastic Film

GAF T/NA 200 Asbestos Paper

GAF T/NA 200 Plastic Film

GAF Timbertex Shingles

GAF Vinyl Asbestos Floor Tiles

GAF VinylFlex Floor Tile

GAF Watocel

GAF 313 Mineral Wool Insulation Cement

GAF 412 Single-Coat Insulation Cement

GAF Ruberoid Air Cell

GAF Ruberoid American Thatch Roofing Shingles

GAF Ruberoid American Thatch Shingles

GAF Ruberoid Anti-Sweat Pipe Covering

GAF Ruberoid Aristo Insulating Siding

GAF Ruberoid Asbestos Millboard

GAF Ruberoid Asbestos Rollboard

GAF Ruberoid Calsilite Block Insulation

GAF Ruberoid Calsilite Covering Insulation

GAF Ruberoid Calsilite-Hi Pipe Block insulation

GAF Ruberoid Calsilite-Hi Pipe Covering Insulation

GAF Ruberoid Calsilite Insulating Cement

GAF Ruberoid Calsilite Pipecovering

GAF Ruberoid Corrugated Asbestos Cement Sheets

GAF Ruberoid Deluxe Stonewall Boards

GAF Ruberoid Dura-Color Colonial Siding

GAF Ruberoid Eternit Cement Sheets

GAF Ruberoid Eternit Pressure Pipe

GAF Ruberoid Grain-Tex Asbestos Cement Siding

GAF Ruberoid Matico Asbestos Floor Tiles

GAF Ruberoid Roofing Asphalt

GAF Ruberoid Stonewall Boards

GAF Ruberoid Utility Corrugated Asbestos Sheets

GAF Ruberoid Vermot Asbestos Fibers

GAF Ruberoid Vermont Asbestos Insulating Cement

GAF Ruberoid Vermont Asbestos Grade 115 Raw Asbestos Fiber

GAF Ruberoid WatcoCell Sheets & Block

GAF Ruberoid SuperCell Pipe Covering

GAF Ruberoid SuperCell Sheets & Block

GAF Ruberoid Weather Coat Emulsion

GAF Woolfelt Pipe Covering Insulation

GAF Ruberoid 115 Insulating Cement

GAF Ruberoid 203 Insulating Cement

GAF Ruberoid 214 Insulating Cement

Have A Question About Asbestos Trust Funds?

Our Mesothelioma Patient Advocates can answer questions about trust funds, treatments, settlements and other types of Mesothelioma compensation.

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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.

G-I Holdings Inc. Asbestos Personal Injury Settlement Trust and Mesothelioma Claims

A person diagnosed with Mesothelioma may be entitled to recover compensation for the following:

Disfigurement Damages (past and future)
Economic Damages (past and future)
End of Life Cost Damages
Exemplary Damages
Funeral Expense Damages
Future Economic Damages
General Damages
Gross Negligence Damages
Loss of Companionship
Loss of Consortium Damages
Loss of Earning Capacity Damages
Loss of Life Damages
Loss of Wages Damages (past and future)
Medical Expense Damages
Mental Anguish Damages
Monetary Compensation Damages
Nominal Damages
Non-Economic Damages
Pain and Suffering Damages
Pecuniary and Non Pecuniary Damages
Physical Impairment Damages (past and future)
Asbestos Trust Funds
Treble Damages
Workers Compensation Damages
Wrongful Death Claims

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 Diagnosed With Mesothelioma

Air Force Veterans
Army Corps of Engineers
Army Veterans 
Coast Guard
Korean War Veterans
Merchant Marines
National Guard
Navy Veterans
U. S. Marine Veterans
Vietnam War Veterans
WW 2 Veterans
Women Veterans
Civilian Contractors
VA Recommended Scans
Legal Rights for Veterans
Retired Veterans
Veterans at Risk
Mesothelioma 24/7 Helpline

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

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.

List of Mesothelioma Symptoms

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.

Call our Mesothelioma Toll Free Helpline at 888.640.0914 and get help today!

24 Hour Live Chat Available >>> See Chat button on right side of page.

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

Top 225+ Most Mentioned Asbestos Products in Lawsuits

Acoustic Products Framing Products Pottery Products
Adhesive Products Friction Products Powder Products
Air Conditioning Products Furnace Products Power Products
Aircraft Products Galvanized Products Protective Products
Aluminum Products Gas Mask Products Pulp Products
Apron Products Gas Products Pumps Products
Artificial Products Gasket Products Putty Products
Asphalt Products Gauge Products Radiator Products
Automotive Parts Generator Products Railroad Products
Automotive Products Glass Products Refinery Products
Baby Powder Products Glazing Products Refractory Products
Bathroom Products Glove Products Refrigeration Products
Belt Products Glue Products Resin Products
Blanket Products Gravel Products Roofing Products
Board Products Grease Products Rope Products
Boiler Products Hair Dryer Products Rubber Products
Bonding Products HAVC Products Rust Products
Box Products Heat Duct Products Sand Products
Brake Products Heat Resistant Products Sealant Products
Brick Products Hoist Products Septic Products
Building Products Hoses Products Sheathing Products
Cable Products Hydraulic Products Sheetrock Products
Capacitor Products Industrial Products Shield Products
Caulking Products Insulation Products Shingle Products
Ceiling Products Iron Products Shipping Products
Cement Products Joint Compound Products Shipyard Products
Chalk Products Kitchen Products Siding Products
Chemical Products Laboratory Products Silicone Products
Chrome Products Lagging Products Slab Products
Circuit Products Laundry Products Soundproofing Products
Cleaning Products Lead Products Spackling Products
Clothing Products Lighting Products Spray-On Products
Clutch Products Linen Products Staining Products
Coal Products Lining Products Steam Products
Coating Products Linoleum Products Steel Products
Coil Products Lubricant Products Stone Products
Compressed Products Magnesia Products Storage Products
Compressor Products Marble Products Stove Products
Concrete Products Masking Products Structural Products
Control Products Masonry Products Stucco Products
Cooling Products Mastic Products Surfacing Products
Cord Products Mechanical Products Switch Products
Cork Products Mesh Products Synthetic Products
Corning Products Metal Products Talc Powder Products
Covering Products Millboard Products Tank Products
Cylinder Products Mineral Products Tape Products
Decorative Products Mining Products Tar Products
Diesel Products Mixing Products Textile Products
Door Products Molded Products Textured Coating Products
Drilling Products Mortar Products Thermal Products
Drum Products Motor Products Tiles Products
Dryer Products Mud Products Transite Products
Drywall Products Nylon Products Tubing Products
Electrical Products Oil Products Turbine Products
Electronic Products Oven Products Valve Products
Elevator Products Packing Products Varnish Products
Energy Products Padding Products Veneer Products
Engine Products Paint Products Ventilation Products
Epoxy Products Pallet Products Vermiculite Products
Fabric Products Panel Products Vinyl Products
Felt Products Paper Products Wallboard Products
Fertilizer Products Patch Products Wallpaper Products
Fiber Products Patternmaking Products Water Products
Fiberglass Products Paving Products Wax Products
Finishing Products Petroleum Products Weatherproofing Products
Fire Resistant Products Phenolic Products Welding Products
Fireproofing Products Pipe Products Well Products
Fitting Products Plaster Products Wicking Products
Flange Products Plastic Products Window Products
Flashing Products Plate Products Wire Products
Flexboard Products Plumbing Products Wood Products
Flexible Products Plywood Products Wool Products
Flooring Products Polishing Products Wrapping Products
Flue Products Polymer Products Yarn Products
Foam Products Porcelain Products Zinc Products

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Asbestos Trust Funds: G-I Holdings Inc. Asbestos Personal Injury Settlement Trust