Armstrong World Asbestos Trust: Claims and Payment

Armstrong World Industries, Inc. filed a Chapter 11 petition on December 6, 2000, according to the trust's distribution procedures. The case was heard in the U.S. Bankruptcy Court for the District of Delaware under No. 00-4471. The reorganization plan resolved the company's asbestos-related personal injury liability by creating and funding the Armstrong World Industries, Inc. Asbestos Personal Injury Settlement Trust. The trust agreement states that the bankruptcy court found the trust and plan met the prerequisites for a Section 524(g) injunction. The company's SEC filing states that the U.S. District Court for the District of Delaware confirmed the Fourth Amended Plan of Reorganization, as modified, on August 18, 2006, and that the plan became effective on October 2, 2006, when pre-existing equity interests were cancelled. The trust pays claims under Trust Distribution Procedures that schedule eight disease levels and treat claims through Expedited Review or Individual Review. Those procedures were most recently restated as of March 28, 2024. An October 5, 2026 notice states that the trustees determined the percentage should be decreased to 7.8% and began paying at that rate. Claimants who had already received a release before that date are paid at the prior 10.8%.