Announcements

NARCO: Trustee Appointment

On December 31, 2024, the Honorable Ken M. Kawaichi, Ret.’s term as a Trustee of the NARCO Trust ended.  Effective as of February 28, 2025, LeAnne Jackson was appointed to serve as successor Trustee for a three-year term.

NARCO: Claims Audit Program Update

Dear Counsel:

The Trustees of the NARCO Asbestos Personal Injury Settlement Trust (the “Trust”) write to inform you that the Trust has retained Alvarez & Marsal to conduct the Trust’s claims audit program (“Claims Audit Program”) as described in the Claims Audit Program document dated April 1, 2023, available  on the Trust’s website at  https://www.narcoasbestostrust.org, under “Trust Documents.”

 If you have any questions about the Trust’s Claims Audit Program, please contact Alvarez & Marsal at: NARCOclaimsaudit@alvarezandmarsal.com.

 Kind regards,

Richard B. Schiro
Mark M. Gleason
Honorable Ken M. Kawaichi, Ret.

Trustees of the NARCO Asbestos Personal Injury Settlement Trust

MLC: Payment Percentage

MLC ASBESTOS PI TRUST
c/o Wilmington Trust Company
1100 N. Market Street
Wilmington, DE 19890-1625

August 29, 2024

Section 4.2 of the Trust Distribution Procedures requires that the Trustee of the MLC Asbestos PI Trust reconsider the payment percentage no less frequently than once every three years. Accordingly, and upon the recommendation of the Trust’s advisors, the Trustee deems such reconsideration to be appropriate at this time, and has directed the Trust’s advisors to provide a report and recommendations regarding a reconsidered payment percentage.

The Trustee will re-determine the payment percentage not less than thirty (30) days from the date of this letter. Claimants that receive a release prior to the announcement of a proposed payment percentage change will have until the later of (i) the date of the proposed payment percentage change or (ii) thirty (30) days following receipt of that release to return a properly executed release in order to qualify to receive the current payment percentage. If, after the consultation and consent requirements of the TDP and Trust Agreement have been met, a revised payment percentage is adopted by the Trust that is higher than the current payment percentage, claimants who received payments based on a lower payment percentage shall receive a supplemental payment.

Please be aware that failure to return a release within thirty (30) days of receipt could adversely affect your rights.

MLC Asbestos PI Trust

CRMC: General Counsel Retirement

After 27 years of outstanding and devoted service to the Manville Trust and its beneficiaries, Jared Garelick retired from full-time general counsel responsibilities to the Trust as of July 31, 2024.  His wealth of knowledge of the Manville Trust’s history and its evolution, his helpful spirit and his keen intellect have been invaluable. We wish him the best in his retirement.

Manville: General Counsel Retirement

After 27 years of outstanding and devoted service to the Manville Trust and its beneficiaries, Jared Garelick retired from full-time general counsel responsibilities to the Trust as of July 31, 2024.  His wealth of knowledge of the Manville Trust’s history and its evolution, his helpful spirit and his keen intellect have been invaluable. We wish him the best in his retirement.

 

Shook & Fletcher: Claims Processing

The Shook & Fletcher Asbestos Settlement Trust (the “Trust”) is pleased to announce that, starting June 1, 2024, Claims Resolution Management Corporation (“CRMC”) will serve as the claims processing facility for the Trust. The Trust’s current claims processor is Verus LLC (“Verus”); Verus began processing claims for the Trust in October 2023, when it purchased the claims processing business of MFR Claims Processing, Inc., the Trust’s long-time claims processor. To effectuate the transition to CRMC, Verus will stop accepting claims against the Trust at the close of business on April 30, 2024. In order to facilitate a smooth transition to CRMC, the Trust will pause accepting claims during May 2024, and CRMC will begin accepting claims for the Trust on June 1, 2024. CRMC has posted the necessary law firm filing documents to its website. There are two required documents for a firm to begin filing; the Hybrid Filer Agreement and User Administrator Form. Filing law firms should complete both documents and email them to DSnow@claimsres.com so you are ready to file on June 1. To obtain those documents, please visit the Shook Trust documents page. In the interim, if you have any questions, please contact CRMC by email at inquiry@claimsres.com or by calling (800) 536- 2722.

SPECIAL NOTICE REGARDING DEADLINES FOR FILING CLAIMS DURING MAY 2024:

Please note that section 5.2(b) of the Trust’s Claims Resolution Procedures (the “CRP”) requires that all new claims must be filed with the Trust within three (3) years of the date of diagnosis. In light of the length of time the Trust has been in operation, none of the provisions of the CRP relating to any other deadlines for filing claims or any tolling of any applicable federal, state or other statutes of limitations apply, and the three-year filing deadline is a firm deadline. The Trust understands that some claims may need to be filed before the end of May 2024 to comply with the Trust’s three-year filing deadline. Please file such claims with Versus as soon as possible, and in any event before April 30, 2024. The Trust will not be able to accept claims for filing between May 1, 2024 and June 1, 2024.