Pursuant to Section 6.2 of the Asbestos Related Claims and Demands Trust Distribution Procedures (“the TDP”), the Trustee has recently completed a re-evaluation of the Payment Percentage. As a result of this re-evaluation, the Trustee – with the consent of the Trust Advisory Committee and the Legal Representative – has decided to increase the Payment Percentage from 25% to 35%. The Trustee has also decided that this increase in the Payment Percentage is to be applied to all post-bankruptcy claims which were previously paid by the Trust at a lower rate. The Trust has adopted policies and procedures requiring each previously paid claimant or the claimant’s counsel to affirmatively accept the supplemental payment before a check will be issued. Please refer to the “Supplemental Payment Policies and Procedures – 2015” memo posted on the Documents page of the website (/documents/c-e-thurston/) for further details.
Announcements
All: e-Filer payments
Due to our upcoming office move, e-filer payments will be delayed till Oct 7th. Sorry for any inconvenience.
All: Moving!
Effective October 1, 2015 our new address will be:
3120 Fairview Park Dr.
Suite 200
Falls Church VA 22042
We are also eliminating our PO Box. We have a new fax number 703-205-5620. All of our telephone numbers will remain the same.
All: Password Notice
CRMC has updated our system to send out an informational message when a password has been changed. For more information please go to info.claimsres.com for more information
Manville: Policy
Manville Trust: The Manville Trust has updated its policy on Level 6 claims and can be found at Documents tab L.
All: Operations
Effective February 1, 2015, Sarah Wetherald has been promoted to Operations Manager. She is now responsible for claim operations for all CRMC clients.
All: President
Effective February 1, 2015, CRMC President Larry J. Haden is retired, and Melissa L. Metzfield is President. Melissa previously served as CRMC’s Vice President and Chief Customer Officer, and has more than twenty years of experience working directly with CRMC’s customers. CRMC thanks Larry for his years of excellent and dedicated service, and wishes him the best in a well-deserved retirement.
CET & Manville: Simplebatch
The Simplebatch system for both CET and Manville Trust has been updated and is available under Document TAB B.
Manville: Pro Rata
IMPORTANT NOTICE: A decision has been made as to the pro rata payment percentage. Please view the details here.
Manville: FYI
The Manville Trust pro rata discussions are still underway between the Trustees and representatives of the beneficiaries. An update will be posted as soon as discussions have been finalized.