Announcements

David Austern

Condolences to the Austern Family

CRMC is sad to announce the death of a most trusted, loyal and devoted member of its family, David T. Austern.

David was one of the nation’s top experts on asbestos tort litigation. In 1987, he became General Counsel of the Manville Personal Injury Settlement Trust, a position he held until his death. Between 2000 and 2007, David also served as President of CRMC.

The staff of CRMC extends our deepest condolences and sympathies to David’s family.

CET: POC

C.E. Thurston & Sons Asbestos Trust:The C.E. Thurston & Sons Asbestos Trust  POC has been updated to reflect the following changes.  The changes are:
— in page 7, changing “Son’s” to “Sons”
and
— in Page 15 revising the beginning of the Diagnosed Injuries section.  Revised POC form Proof of Claim Form – Rev.
2.

Manville: Pro Rata Info

The Manville Trust is required, under Section H.1(d) of the 2002 Manville Trust Distribution Process, at least every three years to re-estimate the values of its total assets and its total liabilities and determine whether a revised pro rata payment percentage should be applied to past, present or future claims. The Trust last performed such a re-estimation in 2008. The Trust has retained a consultant to project its future claims, and is reviewing the consultant’s findings with the Selected Counsel for the Beneficiaries and the Legal Representative of Future Claimants (the “Trust Advisors”). When it completes that re-estimation and reviews with and receives concurrence of the Trust Advisors, the Trust will announce its determination.