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Asbestos Bankruptcy Update

As part of our continuing representation of clients suffering from asbestos disease, Lipsitz & Ponterio files claims against bankrupt asbestos companies. The claims process is the most efficient way for clients to recover money for their asbestos disease from exposure to asbestos-containing products manufactured or distributed by bankrupt companies. Even in instances where a lawsuit against non-bankrupt companies is time-barred, quite often bankruptcy claims can still be filed.

Because there are very specific medical and product exposure requirements for each Bankruptcy Trust, not every client has a valid claim against every Trust.

• The Turner & Newall sub-fund of the Federal Mogul Trust began accepting claims in August 2010. In the 1950’s and 1960’s, Turner & Newall was the manufacturer of Limpet brand spray-on fireproofing, which was applied to structural beams and ceilings during the construction of some buildings.
• The G-I Holdings Trust began accepting claims in October 2010 for exposure to a variety of GAF/Ruberoid asbestos-containing products, including Calsilite pipe covering and block.
• As of January 2011, the Pittsburgh Corning Trust has not yet been established. Pittsburgh Corning manufactured industrial asbestos-containing insulation in the form of pipe covering and block.

For recent developments concerning bankrupt asbestos companies, please visit our website www.lipsitzponterio.com or call us at (716) 849-0701.