Fideicomisos de asbesto / Base datos de fidecoimisos / Owens-Illinois

El asbesto Trusts — Owens-Illinois

El asbesto Trust Claims: Compensation is Available Without Filing a Lawsuit

El asbesto companies and their insurers placed close to $30 Billion dollars into trust funds to pay people who were injured by asbesto. Pero casi el 40% de los fondos aún no han sido reclamados por las víctimas. Es posible que tenga derecho a una parte de estos fondos.

Applying for asbesto trust fund compensation is not getting into a fight.

Este dinero se reservó en una cuenta fiduciaria para los heridos.

Applying for a payment from these trusts is not affecting any company or coming out of anyone’s pocket. This is insurance money specifically to help people hurt by asbesto.

The court ordered the funds because the asbesto industry could no longer hide its secret: asbesto is very dangerous to breathe.

Owens-Illinois El asbesto Personal Injury Trust

Fundación de la empresa	1929
Negocios principales	manufacture of glass products and insulation
Bancarrota	District of Delaware (2020)
Año en que se fundó el fideicomiso	2022
Activos en la fundación	$610 million
Activos a 2021	$552,892,806
Porcentaje de pago	100%
Cantidad de dinero pagada hasta la fecha	> $59 million
Número de reclamaciones pagadas	439

Sumario de la compañía

In 1929, Owens Bottle Co. and Illinois Glass Company merged, forming Owens-Illinois Glass Co. (later Owens-Illinois, Inc.). The companies had dominated the glass industry on their own and hoped to continue the trend once merged, despite challenges from the Great Depression.

• In 1938, after reaching an agreement concerning fiberglass production, Owens-Illinois (OI) merged with Corning Glass Co. to form the Owens-Corning Fiberglass Co. 

• OI’s main business has always been glass, but it was an infamous name in the asbesto industry. It was in 1943 when Owens-Illinois began developing an asbesto insulation product made up of around 10-15% amosite or chrysotile asbesto.

• Research on Kaylo done at the Saranac Laboratory in New York showed that it was a dangerous product. 

• In 1948, doctors from Saranac wrote to representatives at OI that Kaylo could cause asbestosis. Owens-Illinois brought the product to market anyway and sold it from 1953 to 1958. 

• That ended OI’s stint in the asbesto industry, but it did not solve the problem of exposición al asbesto due to Kaylo.  In 1958, OI sold the rights to Kaylo production to Owens-Corning.

• Today, OI is known as the O-I Glass Company, and it’s safe to say the company is sticking to glass production once again.

Workers Generally Eligible for the Trust:

Workers who may have been at risk of exposición to asbesto from working with Kaylo include:

Aisladores	Trabajadores de la construcción/demostración	Trabajadores de astilleros
Filtros para tubería	Caldereros	Reparadores de equipos de vapor
Trabajadores de fábrica	Obreros	Trabajadores de la refinería

Kaylo came in block form and was also available as pipe covering. Workers that frequently installed, repaired, or removed insulation products may have come into contact with Kaylo, putting them at risk of developing asbesto-related injuries due to exposición.

The trades listed above are not an exhaustive list, and workers who were even in the vicinity of those using Kaylo would have been at risk of exposición al asbesto, too.

Exposición Secundaria al Asbesto

Spouses and household members of workers may qualify for the OI El asbesto Personal Injury Trust as well.

People who brought home asbesto on their work clothes may have also been exposed in their homes and vehicles. This especially includes anyone who regularly laundered asbesto-tainted work clothes. El asbesto is dusty and durable, and anyone who spent time in a garage or small laundry room breathing it in could have been at risk.

Owens-Illinois El asbesto Personal Injury Trust History

El asbesto claims against Owens-Illinois can date back to the 1940s and ‘50s, but a steady stream of claims against it began in the 1970s.  O-I was able to stay afloat for longer than its Kaylo counterpart, Owens-Corning, which reorganized under Chapter 11 about 22 years prior.  

OI split in 2019 to establish 2 subsidiaries – Paddock Enterprises, LLC and O-I Glass, Inc.  It assigned Paddock Enterprises all of its asbesto liability, and that company filed for bankruptcy on January 6, 2020. 

The OI Trust was established through the bankruptcy Plan on July 8, 2022.

In 2022, Paddock Enterprises (a subsidiary of OI) created the Owens-Illinois El asbesto Personal Injury Trust under its Chapter 11 Plan of Reorganization. The current payment percentage is 100%.

It is important to note that claimants are only eligible for compensation from the Trust if their exposición (to Kaylo) occurred before January 1, 1959. For exposures after that date, look to Owens Corning. 

The payment percentage is determined by each trust and is subject to change over time. The Trust has established forms and procedures to apply and collect compensation from the trust. You can learn more on their sitio web.

In 2022, 42,657 claims were filed with the Trust, according to its first annual financial report.

The report also details that $59,941,250 was paid out in the settlement of claims to date.

Important Facts About El asbesto Trust Compensation for People with El asbesto Illnesses

The Vast Majority of Our Clients Qualify for Payments from Multiple El asbesto Trusts.

Depending on where you worked, or how you were exposed to asbesto, you may qualify to file claims with more than one asbesto trust.  Different occupations worked with different types of asbesto products.  The location of the work – the actual job site – also impacts which claims may be filed.  Every case is unique, and thousands of clients have been able to receive compensation from multiple asbesto trusts.  

El asbesto Trust Claims Are Not Lawsuits and Do Not Affect a Person’s Employer or Benefits.

Filing claims with asbesto trusts is a separate act than filing a lawsuit against certain companies.  It is possible, however, to file a lawsuit and additionally file claims with asbesto trusts.  This determination is made on a case-by-case basis depending on each client’s work and/or exposición history.   Companies that are not bankrupt are eligible to be sued in a lawsuit, while bankrupt companies are those that were ordered to establish asbesto bankruptcy trusts.

El asbesto trusts exist for the purpose of awarding compensation to qualifying claimants.  The courts designated that money be specifically set aside to provide payment to those individuals injured by asbesto.  You do not have to be retired to file a claim, and the claim does not affect your current or previous employer(s), or any benefits you may already receive.  If you worked with products or at a job site that was owned by a company that has established an asbesto trust, you may meet the criteria for compensation.  

Veterans Injured By Exposición al Asbesto During Service Can Claim El asbesto Trust Compensation and Veterans Benefits

El asbesto use was extremely common in the U.S. military for decades.  Navy ships were built using asbesto insulation to ensure they were fireproof.  The boiler rooms on the ships were full of asbesto insulation, gaskets, and valves used on the various types of equipment.  Military tanks and vehicles used asbesto containing brake parts as well as gaskets and valves. 

Some military jobs, such as mechanics, boilermakers, and pipefitters, to name a few, would cause servicemembers to be directly exposed to asbesto.   Other jobs required that work be done near those using or working with asbesto, which still put those workers at risk.  A military veteran’s benefits will not be affected by filing asbesto trust claims; this is true even if you already receive disability benefits from the VA.

Cigarette Smokers Are Absolutely Eligible to File El asbesto Trust Claims.

One of the common misconceptions surrounding asbesto trust claims is that people who smoked are not eligible to file for compensation.

That’s absolutely false.

Nuestra oficina ha recuperado muchos acuerdos de fideicomiso en nombre de fumadores.

La exposición al asbesto makes it five times more likely you’ll develop lung cancer. Smoking makes it ten times more likely you’ll develop lung cancer. But being a smoker with exposición al asbesto makes it fifty times more likely you’ll develop lung cancer.

And that’s why asbesto companies will pay compensation to industrial workers or others exposed to asbesto, even if they were lifelong smokers.

Lo sé porque muchos de ellos son mis clientes.

Sus derechos pueden perderse si espera.

Aunque asbesto trust claims are not lawsuits, they are subject to the same time limitations that lawsuits are.

Estas leyes se denominan estatutos de limitación. 

Los estatutos de limitación especifican cuánto tiempo tiene una persona para presentar una demanda.

Si una persona espera demasiado, pierde el derecho a presentar una demanda.

Every state puts limits on how long individuals have to file lawsuits on their own behalf or on behalf of a deceased loved one. These laws are called Statutes of Limitation, and if you miss one, you will not be able to file any asbesto claims.

The exact same thing applies with asbesto trusts: 

La exposición al asbesto makes it five times more likely you’ll develop lung cancer. Smoking makes it ten times more likely you’ll develop lung cancer. But being a smoker with exposición al asbesto makes it fifty times more likely you’ll develop lung cancer.

Statutes of Limitations are often not very straightforward in asbesto cases because there are questions about when the statute should start:

• Does “the clock” start when a person is diagnosed with an asbesto-related illness, or does it start when they find out their illness could have been caused by asbesto?
• Si trabajaron en Texas pero ahora viven en Missouri, ¿qué estatuto se aplica?

These are the sorts of questions that are best posed to an asbesto attorney, and we’re happy to answer them for you.

If you believe you are entitled to compensation for your asbesto-related illness, call, text or email our law firm so we can tell you how long you have to make the decision to file a trust claim or to seek asbesto compensation through an asbesto lawsuit.

No le costará nada llamarnos, pero podría costarle todo si espera demasiado para presentar un reclamo.

Justinian C. Lane, Esq. – AsbestosClaims.Law

My grandfather, grandmother and father were all exposed to asbesto in their work, and all three died of respiratory-related cancers.

I found out too late about the health effects of asbesto to help them.

But my firm has helped many other people receive compensation for health problems they developed from exposición to asbesto.

Llámenos, envíenos un mensaje de texto o envíenos un correo electrónico para una consulta completamente gratuita y sin compromiso. Escucharé los detalles de tu historia y explicaré tus opciones. Solo trabajamos en caso de contingencia, por lo que solo nos pagan si usted lo hace.

Every case is different, but the Law Offices of Justinian C. Lane, Esq. has obtenido grandes asentamientos for thousands of people harmed by asbesto. This compensation has helped ease our clients’ financial burdens, and offers a legacy to leave for their loved ones.

At AsbestosClaims.Law, we’ve helped thousands of people who were exposed to asbesto in their job, car or at home. ¿Podemos ayudarte?