Maremont Asbestos Trust: Claims and Payment

Maremont Corporation and three affiliated debtors filed voluntary Chapter 11 petitions in the U.S. Bankruptcy Court for the District of Delaware on January 22, 2019. The affiliates were Maremont Exhaust Products, Inc., AVM, Inc., and Former Ride Control Operating Company, Inc., formerly ArvinMeritor, Inc., a Delaware corporation. The case was prepackaged. On May 17, 2019 the bankruptcy court entered an order approving the disclosure statement and solicitation procedures and confirming the Modified Joint Prepackaged Plan of Reorganization. On June 27, 2019 the district court affirmed that order. Under the plan, the Maremont Asbestos Personal Injury Trust was established on July 9, 2019. It began accepting claims on October 21, 2019, and its claims processor is Verus Claims Services LLC. The trust's annual report for 2025 reports that 8,229 asbestos personal injury claims were submitted from inception through December 31, 2025, including 1,089 in 2025. The largest groups were Mesothelioma 2 (Level V) at 2,458 claims and Lung Cancer (Level III) at 3,665 claims. In 2025 the trust liquidated and paid 166 claims, totaling $2,089,734 after application of the payment percentage. The bankruptcy court has closed the Chapter 11 cases by final decree, and its order lets the clerk accept the trust's annual reports on the Maremont docket without reopening the case.