ARTRA 524(g) Asbestos Trust

Established in 2007 with initial funding of $74 million, the ARTRA 524(g) Asbestos Trust was created as part of the ARTRA Group's Chapter 11 Joint Plan of Reorganization. The Trust is responsible for processing and compensating valid personal injury claims resulting from exposure to asbestos-containing products manufactured by the company.

The History

ARTRA's asbestos-related issues began in 1975 when it purchased Synkoloid, a company that had already been manufacturing asbestos-containing products for many years. At the time, ARTRA did not realize the long-term implications of this acquisition.

In 1981, ARTRA sold Synkoloid to the Muralo Company, but Muralo refused to assume responsibility for asbestos-related claims from before the sale. By the early 2000s, ARTRA faced more than 46,000 lawsuits filed by individuals claiming harm from Synkoloid's asbestos-containing products.

To address these liabilities, ARTRA filed for bankruptcy and created the ARTRA 524(g) Asbestos Trust. Muralo contributed $2.5 million, with the remainder coming from insurance sources. The purpose of the Trust was to ensure a fair and organized process for compensating individuals affected by ARTRA's asbestos products.

Why Choose Us for Your Asbestos Exposure Claim?

Free No-Obligation Review

We provide free no-obligation asbestos exposure case review

Contingency Representation

We work on a contingency basis, meaning there are no fees unless we collect for you

Expertise In Asbestos & Mesothelioma Lawsuits

We have experience winning claims against huge multi-national corporations

Eligibility & Claim Process

To file a claim, individuals must complete a Claim Form and submit supporting documents electronically or by mail.

Required Documentation

Medical Evidence: Proof of diagnosis, exposure history, and a physician's statement.

Exposure Evidence: Documentation outlining exposure history and meeting presumptive exposure requirements for all levels.

Significant Occupational Exposure: Mandatory for Levels II - V and requires at least six months of qualifying exposure.

Compensation and Payment Structure

All claims are processed on a FIFO (first-in, first-out) basis.

Scheduled Compensation Levels

Mesothelioma (Level VI): $275,000 Lung Cancer (Level V): $40,000 Other Cancer (Level IV): $10,000 Severe Asbestosis (Level III): $40,000 Asbestosis / Pleural Disease (Level II): $6,000 Other Asbestos Disease (Level I): $1,000 (eliminated as of September 13, 2011)

Conclusion

The ARTRA 524(g) Asbestos Trust provides a structured framework for compensating individuals affected by asbestos exposure linked to ARTRA Group's products. By streamlining claims and ensuring equitable payouts, the Trust continues to play a vital role in resolving asbestos-related liabilities and supporting impacted individuals and families.