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Mesothelioma and Asbestos Trust Funds

Asbestos trust funds were established by bankrupt manufacturers of asbestos-containing products in order to compensate those with mesothelioma and related diseases. A mesothelioma attorney can help victims pursue trust fund compensation if they have developed an asbestos-related disease.

Legally edited and fact-checked by: Brian J. Cooke

What Is an Asbestos Trust Fund?

Asbestos trust funds were created by asbestos companies that filed for bankruptcy.

These special trusts compensate those who developed asbestos-related diseases like mesothelioma — or those who could get sick later in life — after being exposed to the company’s asbestos-based products. See our asbestos trust fund list below.

Victims may be able to receive compensation for:

  • Mesothelioma
  • Asbestosis
  • Lung cancer
  • Other asbestos-caused cancer

Mesothelioma is the most serious asbestos-related disease because of its poor prognosis. Due to this, patients with this cancer often receive the highest amount of compensation possible from mesothelioma trusts.

For immediate help accessing mesothelioma trust funds, reach out to our team of Patient Advocates today at (855) 924-1610.

How Much Mesothelioma Trust Fund Money Can I Receive?

This depends on which asbestos-based products you are exposed to and if the companies that manufactured them set up mesothelioma trust funds.

Many mesothelioma patients can file claims with multiple trusts as more than one company may be responsible for a victim’s asbestos-related illness. The more trusts you qualify for, the more compensation you can pursue.

On average, mesothelioma victims receive $1 million in total from asbestos trust funds and other forms of legal action.

For best results, reach out to skilled attorneys who can help determine which asbestos and mesothelioma trust funds you can access.

Who Is Eligible to File an Asbestos Trust Fund Claim?

Anyone with an asbestos-related disease — such as retired workers or U.S. veterans — may be able to file a trust fund claim. Family members or other relatives may also be able to file trust claims on a patient’s behalf.

However, there are time limits on how long you have to file an asbestos trust fund claim after your mesothelioma diagnosis. If these limits pass, you may not be able to pursue any money. It’s important to explore your options as soon as possible to avoid missing out on compensation.

Need help finding out if you qualify for trust funds? Chat now with one of our patient advocates or find out how you can access asbestos trust funds.

Recent Asbestos Trust Fund Settlements

Because mesothelioma is so aggressive, claimants with this cancer tend to recover more compensation than those suffering from other asbestos-related illnesses like asbestosis.

Some examples of recent payouts include:

  • Armstrong World Industries: $110,000
  • Babcock & Wilcox Company: $90,000
  • Fibreboard: $135,000
  • Owens Corning: $215,000
  • United States Gypsum Company: $155,000

These numbers represent the settlement amounts before rates called payment percentages were applied. Trusts may only pay out a percent of the total claim’s value so they don’t run out of money for future victims.

Asbestos Trust Fund List

If you have mesothelioma and worked for one (or more) of the companies listed below, you may be able to file claims with their mesothelioma trust funds.

You still may be able to file a claim if you don’t see the company you worked for. There are hundreds of other asbestos companies not listed that may have trust funds.

In total, an estimated $30 billion is available in asbestos trust funds today.

Company Initial Funding Year Established
Armstrong World Industries $2.06 billion 2006
ASARCO LLC $830 million 2009
Babcock & Wilcox Company $1.84 billion 2006
Celotex $1.25 billion 1997
Combustion Engineering $1.24 billion 2006
Congoleum Corporation $270 million 2010
DII Industries, LLC $2.51 billion 2005
Eagle-Picher Industries $730 million 1996
Federal Mogul U.S. T&N Subfund $635 million 2007
Federal Mogul U.S., FMP Subfund $55 million 2007
Kaiser Aluminum $1.22 billion 2006
Johns-Manville $2.5 billion 1988
National Gypsum Company (NGC) $446 million 1993
Owens Corning $3.42 billion 2006
Owens Corning, Fibreboard Subfund $1.56 billion 2006
Pittsburgh Corning Corporation $825 million 2013
Porter Hayden Company $40 million 2006
Quigley Co. Inc. $569 million 2013
Raytech Corporation $52 million 2000
United States Gypsum $3.96 billion 2006
Western Asbestos $2 billion 2004
W.R. Grace $3 billion 2014
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