National Gypsum 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.aipinc.biz/dry
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
National Gypsum Asbestos Trust Fund
Head Quarters: Charlotte, North Carolina
Turn out: Various Construction Materials
Operating status: Still Currently Operating
Asbestos Trust: Yes
Trust began: 2000
1990- over $600 million
2003- $347 million
Asbestos Trust Fund
The company filed for Chapter 11 Bankruptcy in 1990 and began reorganizing. In 1993 they established a settlement trust fund with over $600 million, but that couldn’t cover the number of cases and costs they were receiving.
In 2002, they had to file for bankruptcy a second time and start a new plan. In 2003, the National Gypsum Company Bodily Injury Trust was formed with $347 million, and they began to process new claims. Currently, the trust has a payment percentage of 41%.
National Gypsum Company’s asbestos past caught up to them, and by 1992 they had 45,000 asbestos cases to handle. The company had already struggled financially due to a civil suit they faced in 1963 regarding pricing, which they lost. They couldn’t bear the financial costs of all the asbestos lawsuits, so they filed for bankruptcy.
Since products containing asbestos were highly prevalent in the National Gypsum 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: sheetrock hangers, pipefitters, drywall workers, maintenance workers, construction workers, acoustical workers, plasterers, insulation installers, contractors, cement masons, painters, and demolition workers.
History of Asbestos Use
NGC or the National Gypsum Company was founded in 1925 and was considered one of the 20th century’s biggest manufacturers of asbestos products. When the company was initially started, they focused on gypsum wallboard, a product they felt was superior. They were so incredibly confidant in their product that they offered $5,000 to anyone who purchased the product and was able to find a better one.
They thrived for the following decades, even surviving the Great Depression in the 1930s. They expanded their product line into other construction materials and acquired other companies. National Gypsum Company acquired twelve companies, including big names like Atlantic Gypsum and Abestone Corporation.
The products they were creating needed to be incredibly heat resistant and withstand high amounts of pressure and chemicals. Companies often add asbestos to products such as cement and roofing to achieve heat resistance. NGC decided to add asbestos to their products to achieve that. 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. The National Gypsum Company was using asbestos in their products above the legal limit amount. The company used asbestos for around fifty years, from 1925 to the 1980s.
They had incorporated asbestos into over twenty-five types of building material, and thousands of workers were exposed within the time frame they were using it. When exposed to large amounts of the materials, it can cause diseases such as mesothelioma, asbestosis, and cancers with serious long-term effects.
By the 1980s, the company was facing thousands of lawsuits.
Companies NGC acquired:
- Abstone Corporation
- Allen Town Portland cement Company
- American Encaustic Tile
- Atlantic Gypsum
- Huron Portland Cement Company
- Keene’s Cement
- Murray Tile
- National Mortar and Supply Company
- The Austin Company
- Universal Gypsum
- Windsor Paper Mills
National Gypsum 35lb Asbestos Roofing Jacket
National Gypsum All-Purpose Joint Cement 1935-1976
National Gypsum All-Weather Caulking Compound 1953-1974
National Gypsum Asbestibel Panel
National Gypsum Asbestos-Grid Panel
National Gypsum Asbestone Cement Wallboard
National Gypsum Asbestone Roofing
National Gypsum Asbestos Ceiling Panels
National Gypsum Asbestos Cement Siding Shingles 1953-1981
National Gypsum Asbestos Fiber
National Gypsum Asbestos Jackets for Pipecovering
National Gypsum Asbestos Stripping Tape
National Gypsum Asbestos-Faced Mineral Wool Insulation Board
National Gypsum Chromashake Siding 1954-1968
National Gypsum Chromatex Siding 1954-1968
National Gypsum Chromatone Siding Shingles 1954-1968
National Gypsum Classic 32 Siding 1954-1968
National Gypsum Classic Shake Siding 1954-1968
National Gypsum Corrugated 400 Siding and Roofing Material
National Gypsum Craftco Cement Paint
National Gypsum Deeptex Siding 1954-1968
National Gypsum Dutch Lap Shingles 1954-1968
National Gypsum Exterior Foam Core Panels
National Gypsum FlexFelt
National Gypsum Gold Bond Acoustical Plaster
National Gypsum Gold Bond Adhesive 1953-1956
National Gypsum Gold Bond All-Purpose Joint Compound
National Gypsum Gold Bond All-Purpose Joint Cement
National Gypsum Gold Bond Asbestone Panels
National Gypsum Gold Bond Asbestos Cement Board
National Gypsum Gold Bond Asbestos Fiber
National Gypsum Gold Bond Asbestos Panels
National Gypsum Gold Bond Asbestos Paper
National Gypsum Gold Bond Asbestos-Faced Mineral Board
National Gypsum Gold Bond Ceiling Tiles and Panels
National Gypsum Gold Bond Color Textures
National Gypsum Gold Bond Corrugated Economy 250 Asbestos Cement Sheet
National Gypsum Gold Bond Cover Crete 1949-1965
National Gypsum Gold Bond Craftex 1930-1976
National Gypsum Gold Bond Crown Coat Cement 1935-1976
National Gypsum Gold Bond Decorite 1930-1976
National Gypsum Gold Bond E-Z Spray Texture
National Gypsum Gold Bond E-Z Tex 1930-1976
National Gypsum Gold Bond Exterior Stucco 1930-1949
National Gypsum Gold Bond Finisher
National Gypsum Gold Bond Fire-Shield Plaster 1958-1970
National Gypsum Gold Bond High Humidity Acoustical Plaster
National Gypsum Gold Bond Type C Acoustical Plaster
National Gypsum Gold Bond Humiguard
National Gypsum Gold Bond Humiguard Asbestos Panels
National Gypsum Gold Bond Insul-Best Panels
National Gypsum Gold Bond Insulating Cement
National Gypsum Gold Bond Joint Compound
National Gypsum Gold Bond Laminating Adhesive A 1970-1974
National Gypsum Gold Bond Macoustic 1942-1947
National Gypsum Gold Bond Millboard
National Gypsum Gold Bond Mortar Mix 1954-1978
National Gypsum Gold Bond Natcor
National Gypsum Gold Bond Narcoustic Smooth Finish Plaster
National Gypsum Gold Bond Narcoustic Standard Plaster
National Gypsum Gold Bond No.340 Insulating Cement 1944-1946
National Gypsum Gold Bond Panels
National Gypsum Gold Bond Patching Plaster
National Gypsum Gold Bond Perfo-Lyte Acoustical Plaster 1955-1972
National Gypsum Gold Bond Permaboard 1954-1981
National Gypsum Gold Bond Plasters
National Gypsum Gold Bond Pasticryllic Panels
National Gypsum Gold Bond Pliaboard 1954-1960
National Gypsum Gold Bond Plia-f-lex Panels
National Gypsum Gold Bond Q-W Compound
National Gypsum Gold Bond Quick-Treat Joint Compound
National Gypsum Gold Bond Ready Mixed Joint Cement 1935-1975
National Gypsum Gold Bond Ready Mixed Joint Compound
National Gypsum Gold Bond Ripple-Tone Plasticrylic Panels
National Gypsum Gold Bond Rockwall Acoustic Plaster
National Gypsum Gold Bond Siding
National Gypsum Gold Bond Soffit Panels
National Gypsum Gold Bond Spackling Paste
National Gypsum Gold Bond Spackling Plaster
National Gypsum Gold Bond Spray Quick
National Gypsum Gold Bond Spray Quick A
National Gypsum Gold Bond Spray-On Acoustical Plaster 1955-1956
National Gypsum Gold Bond Sprayolite
National Gypsum Gold Sprayolite Acoustical Plaster 1956-1968
National Gypsum Gold Bond Sta-Smooth Compound
National Gypsum Gold Bond Super Westex 1930-1976
National Gypsum Gold Bond Tar Paper
National Gypsum Gold Bond Texas Texture
National Gypsum Gold Bond Texture
National Gypsum Gold Bond Texture Paint
National Gypsum Gold Bond Thermo Weld Compound
National Gypsum Gold Bond Thermotec Asbestos Cement Sheets
National Gypsum Gold Bond Topping Cement 1935-1976
National Gypsum Gold Bond Topping Compound
National Gypsum Gold Bond Tri-Treatment Joint Cement
National Gypsum Gold Bond Tri-Treatment Joint Compound
National Gypsum Gold Bond Two in One Joint Compound
National Gypsum Gold Bond Velvet Joint Compound
National Gypsum Gold Bond Velvet Spray Quick Texture
National Gypsum Gold Bond Velvet Texture AR
National Gypsum Gold Bond Velvet Topping Compound
National Gypsum Gold Bond Velvet Triple T Compound
National Gypsum Gold Bond Velvet White Super Spray
National Gypsum Gold Bond Vinyl Texture
National Gypsum Gold Bond Vinyl Topping Compound
National Gypsum Gold Bond Wallboard
National Gypsum Gold Bond Wood Fibered Plaster
National Gypsum Hexagonal Shingles 1954-1965
National Gypsum Insul-Best Panels
National Gypsum Panelectric Groove Fill
National Gypsum Perfect Spray
National Gypsum Perforated Panel
National Gypsum Ranch Style Shingles 1956-1969
National Gypsum Rockwall Acoustic Plaster
National Gypsum Rock Wool Insulating Cement
National Gypsum Soffit Panels
National Gypsum Sprayed Limpet Asbestos
National Gypsum Sussex 32 Siding 1954-1968
National Gypsum Thermacoustic 1949-1957
National Gypsum Thermo-Weld Compound
National Gypsum Thermotec 1960-1981
National Gypsum Two in One Compound
National Gypsum Unperforated Panel
National Gypsum Vinyl Topping Compound
National Gypsum Wesco Joint Treatment
National Gypsum Woodgrain Siding 1954-1968
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.
National Gypsum 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 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 cannot 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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