Yarway Asbestos Personal Injury Trust

The Yarway Asbestos Personal Injury Trust was established in 2015 with an initial fund of $325 million following the company's bankruptcy filing in 2013. The Trust was created as part of Yarway Corporation's Bankruptcy Reorganization Plan to address claims from individuals impacted by asbestos exposure due to the company's products.

The Trust exists to ensure fair, equitable, and substantially similar treatment for all asbestos personal injury claims, whether existing today or arising in the future.

The History

Yarway Corporation, initially incorporated in 1908, became a prominent supplier to the steam power industry during its expansion. Over the years, Yarway manufactured a variety of products that incorporated asbestos.

These products included Yarway Process Steam Traps, Yarway Tandem Blow-off Valves, Yarway Seatless (Simplex) Blow-off Valves, Gun-Pakt Expansion Joints, Wrought Steel Expansion Joints, Yarway Hydraulic Valves, Yarway Air Control Valves, Yarway Adjustable Spray Heads, and Yarway Automatic Boiler Skimmers.

These products were heavily used between the 1920s and the 1980s and exposed workers and end-users to asbestos, leading to numerous lawsuits related to asbestos-related diseases. Rising litigation costs eventually led Yarway to file for bankruptcy in 2013. Two years later, the Yarway Asbestos Personal Injury Trust was established to compensate claimants.

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 and Claim Process

The Yarway Trust evaluates claims using a First-In-First-Out (FIFO) process to ensure timely review and liquidation.

Disease Levels and Medical/Exposure Criteria

The Trust identifies seven disease levels associated with asbestos exposure. Six of these disease levels (Levels I - IV, VI, and VII) have specific Medical and Exposure Criteria that must be met to qualify for compensation.

Claims that do not meet the presumptive criteria may still be reviewed through an Individual Review Process for further consideration.

Claim Review Options

Expedited Review is available for claims that meet the presumptive Medical and Exposure Criteria.

Individual Review is available for claims requiring additional evaluation beyond standard criteria.

Compensation and Payment Structure

Compensation is determined based on the disease level associated with the claimant's asbestos-related condition.

Mesothelioma (Level VII) has a scheduled value of $55,000, while Lung Cancer I (Level VI) is valued at $17,500. Lung Cancer II (Level V) has no scheduled value.

Other Cancer (Level IV) is valued at $5,000, Severe Asbestosis (Level III) at $10,000, Asbestosis or Pleural Disease (Level II) at $2,000, and Level I at $500.

The Yarway Asbestos Personal Injury Trust represents a dedicated effort to compensate individuals affected by asbestos exposure linked to Yarway products.