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.

Manville: 2002 TDP

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.

CET: Deadline

The C.E. Thurston & Sons Asbestos Trust has revised section 7.1(a)(2) of the TDP to extend the deadline for filing unexpired, prepetition claims from March 31, 2009 to November 16, 2009 as follows:
If a claim was not barred by the applicable statute of limitations at the Petition Date, it will be treated as timely filed if it is actually filed with the Trust within three (3) years after the Initial Claims Filing Date, i.e. if filed by November 16, 2009.
To see the complete revised TDP, click on the following link – Trust Distribution Procedures, Revision 1b.