Asbestos Trust News & Updates
Industry developments, TDP updates, and news related to the asbestos bankruptcy trust system.
Cumulative trust payouts surpass $22 billion as 60+ asbestos bankruptcy trusts continue paying claims to mesothelioma victims and their families.
Despite comprising only ~7% of the veteran population, U.S. Navy veterans account for nearly a third of all U.S. mesothelioma diagnoses due to extensive asbestos exposure aboard ships.
While bankruptcy trust claims are federal and accept rolling filings, the underlying tort claim statute of limitations varies dramatically by state — from 1 year (California) to 4 years (Florida).