Manville: Pro Rata


The Trustees of the Manville Trust, with the concurrence of the Selected Counsel for the Beneficiaries (“SCB”) and the Legal Representative of Future Claimants (“Legal Representative”), have approved effective immediately, an increase in the pro rata payment percentage from 5% to 7.5%.  On Monday, March 10th, changes were implemented to e-Claims that will: (1) automatically set the pro rata payment percentage to 7.5% for all future offers and (2) re-issue outstanding offers at 7.5%.  In addition, we will identify claims by law firm that are eligible for a retroactive supplemental payment adjustment of 2.5%.  Procedures adopted by the Trustees, with the concurrence of the SCB and the Legal Representative, regarding retroactive supplemental payments has been posted on the Manville Documents Tab R.