Federal-Mogul Asbestos Personal Injury Trust – Ferodo Subfund

Overview

The Federal-Mogul Asbestos Personal Injury Trust - Ferodo Subfund was established in 2007 following Federal - Mogul's bankruptcy proceedings. The trust compensates individuals exposed to asbestos through Ferodo's automotive friction products, including brake pads. It was initially funded with approximately $635 million.

The trust was created to ensure fair and consistent compensation for victims of asbestos exposure associated with Ferodo products.

The History

Ferodo, founded in 1897, became a pioneer in producing braking materials for automotive and industrial applications. In 1926, it became part of Turner & Newall, one of the earliest manufacturers to use asbestos in brake linings. This exposed factory workers, mechanics, and even family members to hazardous asbestos fibers, contributing to conditions such as mesothelioma and other cancers.

Turner & Newall, including Ferodo, was acquired by Federal - Mogul in 1998. Following increasing asbestos-related litigation, Federal - Mogul filed for Chapter 11 bankruptcy in 2001. As a result, the Federal-Mogul Asbestos Personal Injury Trust - Ferodo Subfund was formed in 2007 to manage and compensate qualifying claims.