asbestos trust fund

Johns-Manville Asbestos Trust Fund

If you developed mesothelioma or another serious asbestos disease after working for the Johns-Manville Corporation, you could be eligible to obtain funds from the $2.5 billion trust fund that’s in place to help individuals who were impacted by the devastating effects of asbestos.

Notably, the Johns-Manville Corporation holds the designation as the first company to file for bankruptcy in an apparent attempt to limit their liability in asbestos lawsuits. Johns-Manville Coporation’s asbestos products were utilized and directly contacted by individuals in a number of at-risk occupations, including brick layers, machinists, ship yard workers and electricians who may have experienced asbestos exposure on the job.

Asbestos is used in machines, shipbuilding (and other vehicles), industry and in manufacturing. It’s favored for its insulating abilities and its heat-resistant properties. But the fine asbestos particles can be extremely dangerous when inhaled into the lungs, throat or ingested into the gastrointestinal tract.

Asbestos exposure is a known cause of cancer such as mesothelioma and throat cancer. Other asbestos diseases include chronic obstructive pulmonary disease (COPD), asbestosis, pleural effusion and pleural thickening.

asbestos trust fund

How Did the Johns-Manville Corporation Use Asbestos?

The Johns-Manville Corporation was established as a manufacturer of asbestos products, making employees at extremely high risk due to the fact that they were dealing with this dangerous mineral.

Established in 1901, the Johns-Manville Corporation was formed as the result of a merger between two companies: a company that manufactured insulation and a company specializing in fire-resistant roofing material. The company produced a number of potentially hazardous asbestos products, including:

  • asbestos roofing materials;
  • asbestos insulation;
  • asbestos packing materials;
  • asbestos-laden cement; and
  • asbestos-laden acoustical products.

The company became more prominent when the U.S. Navy implemented a policy during World War II, calling for all ships to contain heat-resistant, fire-resistant and chemical-resistant asbestos products. That’s when the company started manufacturing asbestos products for ships. Later, the firm expanded its product line to include asbestos cement pipes.

Some of the most common asbestos products manufactured by this company were insulation products for naval vessels, homes and commercial businesses; cement water pipes used for municipal water systems and asbestos shingles and roofing tiles.

Who’s Eligible for Compensation from the Johns-Manville Asbestos Trust Fund?

In the 1920s, Johns-Manville employees reportedly started to experience a number of asbestos diseases. But company records apparently indicate that Johns-Manville’s executives were aware of the serious asbestos dangers long before they informed their employees, their customers and the public.

The company was facing not hundreds but thousands of asbestos lawsuits by the 1960s.

In the early 1980s, the corporation opted to file Chapter 11. The $2.5 billion dollar asbestos trust fund was established in 1988 after the company filed for bankruptcy in an apparent attempt to limit their liability to asbestos lawsuits – the first such maneuver of its kind.

The Johns-Manville asbestos trust fund has received nearly a million requests for funds from individuals who claim personal injury from asbestos exposure. This particular trust fund reportedly has a 6.25 payout rate for its claims, meaning that individuals receive just 6.25% of the total requested settlement amount in an attempt to ensure that there are sufficient funds for all affected individuals.

There are many people who are eligible to file a claim with this asbestos trust fund. Anyone who worked for the company or worked with the company’s products may have experienced asbestos exposure. Some of the most at-risk individuals are:

  • shipyard workers and ship builders;
  • military veterans who served in the Navy;
  • longshoremen;
  • asbestos mine workers;
  • asbestos processing plant workers;
  • machinists;
  • electricians;
  • welders;
  • brick layers; and
  • roofers, among others.

If you worked with Johns-Manville asbestos products or worked for the company prior to 1970, and later developed mesothelioma lung cancer or another asbestos disease, you may be eligible for compensation from this asbestos trust fund.

Getting Mesothelioma Compensation from the Johns-Manville Asbestos Trust Fund is here to provide mesothelioma lung cancer patients, their family members and others impacted by serious asbestos diseases to get the compensation, care and benefits they need to live the best possible quality of life.

They understand that time is critical, so the team is here to provide a prompt, free and confidential evaluation of your case. Let our experienced team help you get the funds, benefits and care that you deserve.