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Metex Asbestos Personal Injury Trust

The Metex Asbestos PI Trust was established on September 3, 2014, following the approval of Metex's Chapter 11 Plan of Reorganization. The Trust was funded with $193 million to compensate individuals affected by asbestos exposure.

History

Kentile Floors, founded in 1898, became well known for its vinyl and asphalt tiles that reportedly contained up to 25% asbestos. Although the company grew significantly, its use of asbestos ultimately resulted in thousands of lawsuits from individuals suffering asbestos - related illnesses.

By 1992, increasing litigation forced Kentile to file for bankruptcy. After ceasing operations in 1995, the company later restructured as Metex Manufacturing Corporation in 1998, inheriting Kentile's asbestos liabilities. These ongoing claims eventually led Metex to file for bankruptcy in 2012.

The Metex Asbestos PI Trust was created in 2014 to provide financial compensation to individuals harmed by asbestos exposure, fulfilling obligations inherited from Kentile.

This Trust was designed to provide fair, equitable, and substantially similar treatment for all current and future Asbestos PI Claims.

Over $30 Billion is Available for Asbestos Settlements

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Eligibility and Claim Process

Claims are reviewed and settled on a first - in, first - out basis. The Trust recognizes eight asbestos - related disease levels. Seven levels include presumptive medical and exposure criteria with established schedule values, while five of those levels include caps on maximum values and anticipated average values. The Trust aims to resolve claims effectively and efficiently.

Find Asbestos Exposure Sites

Select your state, then choose a city and jobsite to view known asbestos exposure locations.

Compensation and Payment Structure

Disease Levels and Scheduled Values

Disease Level	Scheduled Value
Mesothelioma (Level VIII)	$135,000
Lung Cancer 1 (Level VII)	$65,000
Lung Cancer 2 (Level VI)	None
Other Cancer (Level V)	$17,500
Severe Asbestosis (Level IV)	$65,000
Asbestosis/Pleural Disease (Level III)	$5,500
Asbestosis/Pleural Disease (Level II)	$2,500
Other Asbestos Disease (Level I - Cash Discount Payment)	$100

Purpose of the Trust

The Trust exists to ensure that individuals harmed by asbestos exposure receive fair and consistent compensation. Metex was responsible for injuries related to asbestos, and the Trust serves to fulfill these obligations.

Reference: https://metex.mfrclaims.com/