Johns-Manville Corp 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. Image Source: https://www.worthpoint.com/worthopedia/1959-johns-manville-transite-pipe-405202513
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
Johns-Manville Corp Asbestos Trust Fund
Facts:
Founded: 1858
Head Quarters: Denver, Colorado
Turn out: Various Construction Materials
Operating status: Still Currently Operating
Asbestos Trust: Yes
Trust began: 1988
Trust Amount: $2.5 billion
Asbestos Trust Fund
Once Johns-Manville began receiving lawsuits, they didn’t stop, and by the early 1980s, they faced over 9,000 lawsuits. They decided in 1982 to file for Chapter 11 Bankruptcy and reorganize. Four years later, in 1986, the company started two trust funds. The first one was called the Manville Personal Injury Settlement Trust, funded with $2.5 million, and the other was the Manville Property Damage Settlement Trust, funded with $125 million.
The two trusts officially began handling claims in 1988, and within the first year, they had over 12,000 claims. Less than ten years later there were nearly 200,000 claims against the trust. It became self-evident that the trust was underfunded, so the payment percentages were lowered. They had to stop payments twice throughout the time they’ve been running them. Currently, the payment percentage for successful claims is %5.1. Each case and the payment percentage is evaluated though based on exposure, illness, and age.
They still have thousands of claims being made, and in 2019 they had over 900,000 claims pending.
Asbestos Litigation
Johns-Manville began to see employees having health issues starting in the late 1920s, but nothing was done about this publicly. The company handled all the claims they received very quietly, but the number of lawsuits quickly skyrocketed. They did everything they could to avoid the issue, going as far as to try and discredit past employees.
The company continued its dangerous behavior for years. By the 1970s, they had over 1,500 lawsuits. Multiple significant cases took place including:
In 1988, James Cavett, who worked for the company as a boilermaker for forty years, sued them. He testified about the exposure he faced that led him to develop both asbestos and lung cancer. While he was testifying he spoke about poor work conditions and how he would be covered in asbestos dust.
He sadly passed away before the trial ended, but his wife was awarded $2.3 million for punitive and compensatory damage.
Occupational Exposure
Since products containing asbestos were highly prevalent in Johns-Manville Company, many individuals, including workers and the general public, were put at risk. Since the company expanded quite quickly, there were multiple plants 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 included: welders, industrial plant workers, shipyard workers, pipefitters, factory workers, brick masons, HVAC maintenance specialists, carpenters, steelworkers, asbestos miners, steamfitters insulators, electricians, HVAC installers, construction workers, bakers, boiler workers, textile workers, US Navy Veterans, painters, Military Veterans, furnace workers, Firefighters, and asbestos abatement workers.
History of Asbestos Use
H.W. Johns-Manville Company was created in 1901 after two companies merged. The first company was H.W. Johns Manufacturing Company which was founded in 1858 and produced roofing. The second company was Manville Covering Company which was founded in 1886 and produced insulation. Both companies used asbestos in manufacturing products.
After the two companies merged, they manufactured roofing, insulation, sheet cylinder packing, acoustical products, and cement. Every product contained asbestos.
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. Johns-Manville Company’s products were using asbestos in their products above the legal limit amount. Employees working for them were exposed to environments full of airborne asbestos fibers. Those who were exposed included factory workers, boiler workers, and veterans. When exposed to large amounts of the materials, it can cause diseases such as mesothelioma or asbestosis and cancers with serious long-term effects.
After the company was founded in 1901, it flourished and continued to expand its product list. In 1927, the company was able to go public on the New York Stock Exchange, and asbestos use was at its peak. The company’s products were well known, and they were able to profit from World War I and World War II by selling products for ships and airplanes.
Not only did the company produce products with asbestos, but they began mining them and distributing the fibers globally.
The company understood the harms of asbestos, but they were thriving and refused to let anything stop them. Dr. Kenneth Smith told the company that seven workers had developed asbestosis in 1949. Lewis H. Brown, the president of the company, made the decision not to share test results. The company went as far as to leave employees suffering from illness in the dark about what was wrong with them. Even when 20% of their workers were sick, nothing was said. Finally, they ceased using asbestos in the 1980s, but their past would catch up to them in the form of lawsuits.
Asbestos Products
Johns-Manville 301 Cement
Johns-Manville 319 Semi-Refractory Cement 1925-1969
Johns-Manville 352 Insulating Cement 1922-1973
Johns-Manville 373 AAA Grade Rope unknown-1982
Johns-Manville 566 Commercial Grade Rope unknown-1982
Johns-Manville 702 Commercial Grade Rope unknown-1982
Johns-Manville 733 Commercial Grade Rope unknown-1982
Johns-Manville 787 Commercial Grade Rope unknown-1982
Johns-Manville 788 AAA Grade Rope unknown-1982
Johns-Manville 7M-13 Raw Asbestos Fibers
Johns-Manville 85% Magnesia Block Insulation 1902-1970
Johns-Manville 85% Magnesia Cement 1902-1970
Johns-Manville 85% Magnesia Pipe Covering 1902-1970
Johns-Manville 857 AAA Grade Rope unknown-1982
Johns-Manville 869 AAA Grade Rope unknown-1982
Johns-Manville Stonehedge Architectural Panels
Johns-Manville Asbestocel 1902-1975
Johns-Manville Asbestocel Corrugated Paper 1902-1931
Johns-Manville Corrugated Asbestos Transite Sheets
Johns-Manville Asbestocel Paper 1902-1931
Johns-Manville Asbestoguard Adhesive
Johns-Manville Asbestotle Flashing
Johns-Manville Asbestos 85% Magnesia Locomotive Lagging
Johns-Manville Asbestos Canvas
Johns-Manville Asbestos Caulking Putty
Johns-Manville Asbestos Cloth
Johns-Manville Asbestos Fire Felt Locomotive Lagging 1900-1906
Johns-Manville Asbestos Gasketing
Johns-Manville Asbestos Metallic Brake Blocks unknown-1972
Johns-Manville Asbestos Paper 1920-1980
Johns-Manville Asbestos Roofing Felt
Johns-Manville Asbestos Sponge Felt unknown-1961
Johns-Manville Asbestos Wick Packing unknown-1983
Johns-Manville Aviation Products
Johns-Manville Barge Roofing
Johns -Manville Block Insulation 1930-1973
Johns-Manville Blue Chip Felts Roofing Felt 1907-1979
Johns-Manville Body Sealer 1954-1975
Johns -Manville Built-Up Roofing
Johns-Manville Building Papers
Johns-Manville Building Felts
Johns-Manville Built-Up Roofs
Johns-Manville Cable Fireproofing
Johns-Manville Cedargrain Asbestos Cement Shingles 1907-1976
Johns-Manville Chemtite Epoxy Joint Cement
Johns-Manville Cloth (Coated) 1960-1983
Johns-Manville Colorblende Asbestos Shingles 1907-1976
Johns-Manville Colorbestos Siding Sheets
Johns-Manville Commercial Grade Paper 1929-1980
Johns-Manville Custom Four Star Brake Linings unknown-1972
Johns-Manville Deepgrain Asbestos Cement Shingles 1907-1976
Johns-Manville Doublex Asbestos Paper 1936-1980
Johns-Manville Durobestos Asbestos Cement Shingles 1907-1976
Johns-Manville Duxseal 1934-1982
Johns-Manville Ebony Electric Boards
Johns-Manville Encased Insulating Board
Johns-Manville Fibroid Asbestos Paper 1911-1980
Johns-Manville Fibrous Adhesive Cement unknown-1981
Johns-Manville Fibrocel Insulation
Johns-Manville Flexstone Asbestos Roofs
Johns-Manville Finishing Cement
Johns-Manville Fire Felt 1900-1975
Johns-Manville Fire-Glass Seal-O-Matic Roofing Shingles 1907-1979
Johns-Manville Fire-King Seal-O-Matic Roofing Shingles 1907-1979
Johns-Manville Flexboard 1927-1983
Johns-Manville Furnance Cement 1924-1973
Johns-Manville Gaskets
Johns-Manville Glasal Flexboard
Johns-Manville HDM Clutch Facings unknown-1972
Johns-Manville High Friction Level Brake Block unknown-1972
Johns-Manville Industrial Vent Caulking
Johns-Manville Insulating Cement 1930-1973
Johns-Manville Insulkote ET 1929-1982
Johns-Manville Insulkote SG 1929-1982
Johns-Manville Insulkote Weatherproofing
Johns-Manville Marinite Board 1906-1975
Johns-Manville Medium Friction Level Brake Blocks unknown-1972
Johns-Manville Millboard 1910-1990
Johns-Manville Asbestos Movable Walls
Johns-Manville Packing
Johns-Manville Permastone Asbestos-Cement Flexboard
Johns-Manville Pipe Covering 1902-1970
Johns-Manville Pipecovering
Johns-Manville Rigid Asbestos Shingles
Johns-Manville Roofing Products
Johns-Manville Rope Packing
Johns-Manville Salem Asbestos Roof Shingles
Johns-Manville Spiral Wound Clutch Facings unknown-1972
Johns -Manville Standard Asbestos Shingles
Johns -Manville Superex 1900 Sheet and Block 1922-1973
Johns -Manville Superex Pipe Covering 1930-1971
Johns -Manville Swab Clutch Facings unknown-1972
Johns -Manville Thermo-Pac Asbestos Rope
Johns-Manville Thermobestos Block Insulation 1950-1974
Johns-Manville Thermobestos Cement 1950-1974
Johns-Manville Thermobestos Pipe Covering 1950-1974
Johns-Manville Trailiners Brake Blocks unknown-1972
Johns-Manville Transite Pipe 1906-1975
Johns-Manville Transite Roofing 1906-1975
Johns-Manville Transite Sheets 1906-1975
Johns-Manville Transite Siding 1906-1975
Johns-Manville Transitop Asbestos Panels
Johns-Manville Vitribestos Sheet
Johns-Manville Vulcabestos Insulation
Johns-Manville WK Brake Linings unknown-1972
Johns-Manville Terraflex Plastic Asbestos Floor Tile
Have A Question About Asbestos Trust Funds?
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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.
Johns-Manville Corp 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 Diagnosed With Mesothelioma
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.
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.
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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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