DII Industries Asbestos Trust: Claims and Payment

Halliburton's DII Industries, LLC, formerly Dresser Industries, filed for Chapter 11 on December 16, 2003, together with certain affiliates, and the Harbison-Walker refractories business had filed earlier, on February 14, 2002. One prepackaged plan of reorganization in the U.S. Bankruptcy Court for the Western District of Pennsylvania covers both, and a single trust, the DII Industries, LLC Asbestos PI Trust, pays claims for which the Halliburton entities or the Harbison-Walker entities are legally responsible. That court confirmed the plan by order entered July 21, 2004, and the U.S. District Court for the Western District of Pennsylvania affirmed the confirmation order on December 1, 2004. The trust was created on January 20, 2005. Claims are resolved under the trust's Trust Distribution Procedures, now in their Ninth Amended version dated August 29, 2023. The procedures schedule eight disease levels, from Other Asbestos Disease at Level I to Mesothelioma at Level VIII. Separate scheduled-value tables apply to Halliburton claims and to Harbison-Walker claims.