Category: <span>Trust Funds</span>

Judge Approves Presperse $50M Talc-Asbestos Bankruptcy Deal

Hundreds of asbestos exposure injury claims are set to be resolved after a federal judge approved a bankruptcy plan for cosmetics supplier Presperse and its parent company Sumitomo Corporation. The company, which has battled asbestos-related lawsuits since 2015, faced a recent wave of litigation from people who claimed they were exposed to asbestos through its […]

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Honeywell to Fund Asbestos Trust With $1.3 Billion

To eliminate future funding obligations, Honeywell International Inc. has agreed to a one-time, lump sum payment of $1.325 billion to the asbestos trust fund it first established in 2013. If approved by the U.S. Bankruptcy Court for the Western District of Pennsylvania, the buyout agreement would likely end any additional asbestos-related liabilities for Honeywell. The […]

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Choosing a mesothelioma attorney

It’s likely at some point in your life you’ve seen a mesothelioma commercial. Attorneys attempt to reach victims of asbestos exposure through visuals, large text and repeating messages. The goal is to deliver the message quickly and effectively for retention. While occasionally mocked, law firms have a reason for such tactics. Once diagnosed, mesothelioma patients more