The NARCOAsbestosTrust.org homepage was updated to include: 1) a Trust Representatives page and 2) a Documents page.
CRMC is pleased to announce its newest asbestos client trust, the NARCO Asbestos Trust.
The Trustees of the NARCO Asbestos Trust would like to begin the process of registering law firms. Please click here for information.
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.
C.E. Thurston & Sons Asbestos Trust:
The following document provides information on the change to the pro rata share for the C.E. Thurston & Sons Asbestos Trust.
Notice of Offer Resumption and New Payment Percentage.
The Trustees of the Manville Trust have amended the 2002 TDP by adding a new Section H.8, which is a Maximum Annual Payment provision. Section H.3 has been amended as well, to conform. 2002 Trust Distribution Process (TDP) (Revised January 2012).
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”
— in Page 15 revising the beginning of the Diagnosed Injuries section. Revised POC form Proof of Claim Form – Rev. 2.
The Trustees of the Manville Trust have decided to retain the 7.5% payment percentage as of September 19, 2011.
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.
The Trustees of the Manville Trust have amended the 2002 TDP by adding Section C. 11: Manville Trust Distribution Process (TDP) Amendment Secondary Exposure Claims.
For any claim that meets the SOE requirement based on secondary exposure, a new filing document will be required. That form will be the MV-Bystander Verification Form a sample of which is available on the CRMC website. On this form, the claimant or their representative will affirm the exposure entered into the e-claims application by the law firm. Once submitted, the form will be reviewed and either accepted or rejected. Bystander Verification Form.
The Trustees of the United States Mineral Products Company have set their pro rata payment percentage at 12.5%. CRMC will begin accepting claims on Thursday, July 29, 2010.