The Duro Dyne Corporation has been a major manufacturer in the HVAC industry, producing sheet metal accessories, connectors, sealers, and related equipment. Many of these products once contained asbestos, leading to significant exposure and subsequent litigation. In 2018, the company filed for bankruptcy and submitted a Plan of Reorganization to create a trust fund intended to compensate affected individuals.
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During the 1960s and 1970s, Duro Dyne incorporated asbestos fibers into products such as Duro - Metal - Fab, Flexible Duct Connectors, Econ - O - Fab Flexible Duct Connectors, Junior Flexible Duct Connectors, and Duro Dyne Duct Sealer. This period marked the peak of asbestos use and created substantial exposure risks for workers and consumers.
Although the company expanded globally across Europe, South America, North America, Africa, and Asia, asbestos - related lawsuits began accumulating after the first case in 1988. Over time, personal injury claims increased significantly.
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While the company filed for bankruptcy in 2018, the trust fund has not yet been approved. A delay occurred when the U.S. Department of Justice rejected Lawrence Fitzpatrick as the proposed trust fund representative.
Once finalized, the Duro Dyne Asbestos Trust Fund is anticipated to have an initial cash contribution of approximately $10.5 million, supplemented by an additional $13.5 million in third - party funding. The fund is designed to provide financial assistance to individuals harmed by asbestos - containing Duro Dyne products.
The trust fund has not yet been formed but is expected to provide compensation once approved.
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