Asbestos & Mesothelioma Trust Fund
If you developed mesothelioma after asbestos exposure, The Lyon Firm can help you.
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Asbestos & Mesothelioma Trust Fund
Reaching mesothelioma settlements for plaintiffs nationwide
Most companies established asbestos trust funds after the 1970s when damaging medical evidence surfaced about the hazards of asbestos exposure. It became clear that asbestos is the primary cause of mesothelioma, and companies were responsible for exposing workers to toxic materials.
Many companies that manufactured asbestos products went bankrupt under legal pressure and set up trusts for victims in bankruptcy settlements.
As of June 2024, ample funds remain accessible to future claimants, with over $30 billion still available in these trusts from over 100 companies.
The Lyon Firm consists of highly-rated toxic exposure attorneys with a long history of helping families with asbestos trust fund claims and mesothelioma lawsuits. Reach out to us online or call (513) 381-2333 for reliable answers to securing the funds you deserve.
What Is a Mesothelioma Trust Fund?
Asbestos trust funds are funds reserved for mesothelioma patients and their families by bankrupt companies responsible for the products linked to asbestos-exposure illnesses.
When victims file a trust fund claim, it is similar to filing a lawsuit. However, unlike a lawsuit, a trust fund claim is an easier process that may result in quicker compensation.
Victims must provide proof of having an asbestos-related illness and show exposure to asbestos from a product or workplace that caused the disease. Any acute or long-term exposure to asbestos can result in serious respiratory illnesses and cancers. You may be eligible for asbestos trust fund payouts if you were diagnosed with the following:
Sometimes trust funds require plaintiffs to provide their medical records and proof of work history to file a claim. Working with a lawyer to gather all available evidence and documentation improves the chances of your asbestos claim being approved.
The Dangers of Asbestos Exposure
While many studies stress that long-term, regular exposure to asbestos can pose the greatest threat to employees, medical evidence indicates that even brief asbestos exposure can cause fatal illnesses.
The International Agency for Research on Cancer has concluded there is no safe level of human exposure. Individuals can inhale asbestos fibers when they break down, causing inflammation, scarring of the lungs, and deadly respiratory cancers such as mesothelioma.
Asbestos: A Lingering Problem
For most of the 20th century, American companies manufactured and sold asbestos-containing products for various uses and industries. Asbestos was used in construction, auto parts, industrial plants, shipyards, schools, hospitals, and other industries, creating a widespread occupational and public health hazard.
According to the World Health Organization (WHO), an estimated 125 million people are exposed to asbestos in the workplace worldwide. Many mesothelioma victims worked in the following industries:
- Power Plants
- Steel Plants
- Paper Mills
- Oil Refining
- Construction
- Welding
- Ship Building
- Military Service
- Rubber and Tire
Asbestos has been classified as a known cancer-causing agent by the National Cancer Institute.
Evidence over the years has revealed that numerous companies involved in manufacturing and selling asbestos-containing products knew about potentially deadly risks of exposure. Attorneys claim unscrupulous companies and employers concealed available health information from workers and consumers.
Although heavy asbestos use is now rare, it is not yet banned in the United States. According to the EPA, limited amounts of asbestos remain in several products, such as clothing, gaskets, roof coatings, automotive parts, and many more.
Billions of dollars await claimants in trust funds, allowing potential financial relief for families suffering the devastating impacts of asbestos exposure.
Don’t let your funds go unclaimed; contact The Lyon Firm today online or call (513) 381-2333.
How Many Asbestos Trust Funds Are There?
Several companies that mined asbestos, manufactured products with asbestos, or used asbestos in the production process have come under intense legal scrutiny, forcing them to file for Chapter 11 bankruptcy.
The courts required these companies to establish a mesothelioma trust fund to compensate victims of asbestos exposure and their families fairly. Below is a chart showing the asbestos trust fund list:
Company Asbestos Trust Fund Name Date Established
A. P. Green Industries APG Asbestos Trust 2014
ABB Lummus Global Lummus 524(g) Asbestos Personal Injury Trust 2007
A-Best Products A-Best Asbestos Settlement Trust 2006
AC&S ACandS Asbestos Settlement Trust 2009
API, Inc. API, Inc. Asbestos Settlement Trust 2006
Armstrong World Industries Armstrong World Industries, Inc. Asbestos Personal Injury Settlement Trust 2006
ARTRA Group, Inc. ARTRA 524(g) Asbestos Trust 2007
ASARCO, LLC ASARCO LLC Asbestos Personal Injury Settlement Trust 2009
Babcock & Wilcox Co. Babcock & Wilcox Company Asbestos Personal Injury Settlement Trust 2006
Bondex International Bondex Asbestos Personal Injury Trust 2016
Brauer Supply Co. Brauer524(g) Asbestos Trust 2012
Burns & Roe Construction Group Burns & Roe Asbestos Personal Injury Settlement Trust 2010
Burns & Roe Enterprises, Inc. Burns & Roe Asbestos Personal Injury Settlement Trust 2010
C.E. Thurston C.E. Thurston & Sons Asbestos Trust 2006
Celotex Corp. Celotex Asbestos Settlement Trust 1997
Christy Refractories Co. LLC Christy Refractories Asbestos Personal Injury Trust 2012
Combustion Engineering Combustion Engineering 524(g) Asbestos Personal Injury Trust 2006
Congoleum Corp. Congoleum Plan Trust 2011
DuroDyne National Corp. Duro Dyne Asbestos Personal Injury Trust 2021
Eagle-Picher Industries Eagle-Picher Industries Inc. Personal Injury Settlement Trust 1996
Fairbanks International Inc. Fairbanks Asbestos Personal Injury Trust 2023
Federal Mogul (T&N, Flexitallic, Ferodo) Federal Mogul Asbestos Personal Injury Trust - Turner & Newall Subfund 2007
Flintkote Co./Flintkote Mines Flintkote Asbestos PI Trust 2015
Fuller-Austin Fuller-Austin Asbestos Settlement Trust 1999
Garlock Sealing Technologies, LLC (Anchor Packing Company and Garrison) Garlock Settlement Trust 2018
General Motors Corp. Motors Liquidation Company Asbestos PI Trust 2012
George V. Hamilton, Inc. Geo. V Hamilton, Inc. Asbestos Trust 2019
G-I Holdings, Inc. G-I Holdings Inc. Asbestos Personal Injury Trust 2010
Global Industrial Technologies (Harbison-Walker) DII Industries, LLC Asbestos PI Trust 2005
H.K. Porter Co. H.K. Porter Asbestos Trust 2008
Hercules Chemical Co. Hercules Chemical Company, Inc. Asbestos Settlement Trust 2010
Johns Manville Corp. Manville Personal Injury Settlement Trust 1988
J.T. Thorpe Co. J.T. Thorpe Company Successor Trust (TX) 2004
J.T. Thorpe Inc. J.T. Thorpe Settlement Trust (CA) 2006
Kaiser Aluminum Kaiser Aluminum & Chemical Corporation Asbestos Personal Injury Trust 2006
Keene Corp. Keene Creditors Trust 2006
Kentile Floors Metex Asbestos PI Trust 2015
Leslie Controls, Inc. Leslie Controls, Inc. Asbestos Personal Injury Trust 2012
Mallinckrodt Mallinckrodt Asbestos Personal Injury Trust 2012
Maremont Corporation Maremont Asbestos Personal Injury Trust 2019
Mid-Valley Inc. (Halliburton) DII Industries, LLC Asbestos PI Trust (HAL) 2005
National Gypsum NGC Bodily Injury Trust 1993
North American Refractories Corp. NARCO Asbestos Personal Injury Settlement Trust 2013
Owens Corning Corp. Owens Corning Fibreboard Asbestos Personal Injury Trust - Owens Corning Subfund 2006
Owens Corning Fibreboard Owens Corning Fibreboard Asbestos Personal Injury Trust - Fibreboard Subfund 2006
Pittsburgh Corning Pittsburgh Corning Corporation Asbestos Personal Injury Settlement Trust 2017
Plant Insulation Co. Plant Asbestos Settlement Trust 2014
Plibrico Co. Plibrico 524(g) Trust 2006
Porter-Hayden Co. Porter Hayden Bodily Injury Trust 2007
Quigley Co. Quigley Company, Inc. Asbestos PI Trust 2014
Raymark Corp./Raytech Corp. Raytech Corporation Asbestos Personal Injury Settlement Trust 2010
SEPCO Sepco Asbestos PI Trust 2020
Shook and Fletcher Shook & Fletcher Asbestos Settlement Trust 2004
State Insulations Corp. State Insulation Corporation Asbestos PI Trust 2016
Swan Transportation Co. Swan Asbestos and Silica Settlement Trust 2003
T.H. Agriculture and Nutrition, LLC T.H. Agriculture & Nutrition, LLC Asbestos Personal Injury Trust 2009
Thorpe Insulation Co. Thorpe Insulation Company Asbestos Personal Injury Settlement Trust 2010
United Gilsonite Laboratories United Gilsonite Laboratories Asbestos Personal Injury Trust 2015
United States Mineral Products United States Mineral Products Company Asbestos PI Settlement Trust 2008
USG Corp. United States Gypsum Asbestos Personal Injury Settlement Trust 2006
Utex Industries Utex Industries, Inc. Successor Trust 2005
W.R. Grace W.R. Grace & Co. Asbestos Personal Injury Settlement Trust 2014
Western MacArthur/Western Asbestos Western Asbestos Settlement Trust 2004
Yarway Corporation Yarway Asbestos Personal Injury Trust 2015
Don’t hesitate to contact us if you do not see the company you believe is responsible for your illness on this asbestos trust fund list. You may still have a claim or be eligible for mesothelioma compensation.
Years of mergers, acquisitions, and structural changes have led to many trusts having different names now. It’s always worth reaching out to an asbestos lawyer to ask about your situation.
What Is the Average Settlement for the Asbestos Claim?
Amounts awarded from the mesothelioma trust funds vary depending on a patient’s diagnosis and the extent of their asbestos exposure. Mesothelioma victims could obtain a total average payout of anywhere between $300,000 and $400,000 in 2024. However, some claimants could receive up to $750,000.
You may be eligible to file multiple trust fund claims if exposed to several products containing asbestos, further increasing your compensation. Also, it’s possible to file an asbestos trust fund claim and a mesothelioma lawsuit.
How Long Do Asbestos Trust Fund Payouts Take?
Asbestos victims who file a claim with the assistance of a lawyer can expect to receive compensation within 3 to 6 months. The timeline for your payment depends on how your case is reviewed. Administrators review trust fund claims in two ways:
- Expedited review: You get a fixed amount from the trust, allowing equal payouts for victims with the same diseases and quicker disbursement.
- Individual review: For more complex cases, lawyers can request thorough medical and exposure record evaluations from administrators. These generally take longer, but potentially result in higher compensation.
An asbestos trust fund lawyer can advise plaintiffs on the best type of submission for their claim.
Mesothelioma Settlements: The Lyon Firm’s Successful Outcomes
The Lyon Firm aggressively, professionally, and passionately advocates for injured individuals and families against companies due to asbestos exposure. Below are a few examples of life-changing compensation we have secured for our clients:
- $2.7 million for a surviving spouse in a mesothelioma case arising from working in the steel mill industry.
- $2.3 million for the family of a former AK steelworker who received a terminal mesothelioma diagnosis.
- $1 million in an asbestos exposure mesothelioma claim.
Don’t suffer in silence. We understand compensation cannot erase the injustice your family has endured, but know that financial support is available to you through a trust fund or asbestos exposure lawsuit.
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The Lyon Firm Makes Filing a Mesothelioma Claim Easy
Mesothelioma is a brutal and often fatal cancer. Families struggling with a diagnosis deserve the time to process this situation and focus on their well-being. Enlisting the help of a lawyer allows them that space, relieving the burden and stress of filing a claim alone.
For nearly two decades, The Lyon Firm has proudly served families harmed by asbestos exposure. We are willing to go the extra mile in your case and do everything in our power to work toward the best possible outcome. Contact us online or call (513) 381-2333 to speak with our team about your options.
FAQs
Payments from asbestos trust funds depend on several factors in each case, such as the severity of the asbestos-related illness, how your claim is reviewed, the payment percentages established by the trust, and how much money is left in the asbestos trust fund.
The Lyon Firm will collect the proof needed to ensure you are not shorted and receive the correct amount.
Yes. Immediate family members or estate representatives of asbestos victims may be eligible to file a claim on behalf of a loved one diagnosed with mesothelioma or another asbestos-related disease, even if they have passed away.
An attorney can help you determine which trusts you can access compensation from since you may have worked for multiple companies. Also, exposure typically occurs decades before, but our lawyers have the resources to compile an accurate account of your asbestos exposure history.
You may qualify for a claim if you or a loved one were diagnosed with mesothelioma or another asbestos-related injury, you were exposed to asbestos at one point, and the company responsible for your asbestos exposure established a trust.
If you’re unsure about your eligibility, don’t worry. Our team is happy to review your situation and inform you of your options at no cost to you.
Mesothelioma Lawsuits
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Taking the first step doesn’t have to be complicated. In just a few minutes, you can share the basics of your case, and our team will guide you from there:
- It begins with a few simple questions about your situation.
- From there, a member of our legal team reviews your case.
- Together, we’ll chart the path forward, helping you take the next step toward resolution.
