Kaiser Aluminum Asbestos Trust: Claims and Payment

Kaiser Aluminum & Chemical Corporation and certain affiliates filed for Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware, with a petition date of February 12, 2002. The bankruptcy court confirmed the Second Amended Joint Plan of Reorganization by order entered February 6, 2006, and the U.S. District Court for the District of Delaware affirmed that order on May 11, 2006. The trust was created in 2006 as a result of the confirmed plan, and claims could be filed from December 18, 2006. Claims are resolved under the trust's Third Amended Asbestos Trust Distribution Procedures through eight scheduled disease levels, from Other Asbestos Disease to Mesothelioma. The trust's posted notices show the percentage lowered from 18.1% to 15.5% in 2023, and a February 2025 notice directing payment at 10.6% while consent to a further decrease was sought.