Over 30 Billion dollars in trust fund money has been set aside for asbestos victims.
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Throughout much of the 20th century, millions of workers in the building and manufacturing industries were subjected to frequent asbestos exposure. Over time, many of these individuals found themselves afflicted with mesothelioma.
The occurrence of mesothelioma continues to this day. Every year in the United States, approximately 3,000 new cases of mesothelioma are diagnosed. Workers in locations such as construction sites, power plants, aluminum plants and shipyards are particularly at risk for developing mesothelioma.
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The first trust fund established to compensate asbestos patients is known as the Manville Trust. The Johns-Manville Corporation, who was a leading manufacturer of asbestos, established the trust in 1988 to compensate employees who had developed mesothelioma while working for the insulation and roofing material manufacturer. To cope with thousands of mesothelioma-related employee claims, the bulk of the company's equity was placed into this fund, which is still in operation.
Since then, many other manufacturers of asbestos products have set up trust funds to compensate those who have developed asbestos related diseases. These funds total approximately $30 Billion dollars and can be filed against administratively. Someone diagnosed with mesothelioma would do well to hire a law firm that has significant experience in the handling of the asbestos fund filings.
Would you like information on how to apply for the $30 BILLION in available trust fund monies? Please take the time to fill out our form and we will have a trained patient advocate speak to you about your options. We will also be happy to send you an informational packet outlining all the trusts as well as informing you about other legal options available to you.
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