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An informational website for those injured or impacted by mesothelioma and asbestos

January 2008 Archives

Future Asbestos Claims to be Paid from Bankruptcy Trust

After a six year period, Federal Mogul emerged from bankruptcy last month by establishing a trust fund to pay out pending and future asbestos claims against the company. Southfield-based Federal Mogul entered Chapter 11 bankruptcy back in October 2001, in response to the thousands of asbestos claims it was facing at the time. Automotive workers, such as brake mechanics, were exposed to asbestos through their work with asbestos-containing brake parts, gaskets and other automotive parts made by companies acquired by Federal-Mogul in the 1990s. Almost 400,000 asbestos claims were filed by automotive workers suffering from asbestos-related diseases such as asbestosis, lung cancer, and mesothelioma.

Delaware Judge to Decide Amount of Asbestos Liability for W.R. Grace Bankruptcy

W.R. Grace Lawyers Attempting to Limit Asbestos Liabilities

W.R. Grace & Co., the vermiculite and chemical corporation responsible for the asbestos contamination of Libby, Montana, currently awaits the decision of US Bankruptcy Judge Judith Fitzgerald to determine the company's future. In a Delaware courtroom, the bankruptcy judge will decide exactly how much W.R. Grace will owe for damages due to an abundance of asbestos claims, stemming from the Libby, Montana, tragedy. Furthermore, W.R. Grace continues to be sued for asbestos injuries caused by exposure to asbestos-containing products that the company produced in the past, such as spray-on fireproofing and Zonolite insulation. Exposure to asbestos and asbestos-containing products can cause debilitating diseases such as asbestosis, lung cancer, and the asbestos cancer, mesothelioma.