Plibrico Asbestos Trust: Claims and Payment

The Plibrico Asbestos Trust resulted from the Chapter 11 reorganization of Plibrico Company and Plibrico Sales and Service, Inc. The trust's distribution procedures give the petition date as March 13, 2002 and refer to the Second Amended Joint Plan of Reorganization dated August 1, 2005, as modified by the Third Amended Joint Plan dated January 30, 2006. The trust's site states it was established on March 8, 2006. The distribution procedures schedule seven disease levels, from Other Asbestos Disease at Level I up to Mesothelioma at Level VII. In an August 27, 2024 notice, the trustee announced that, effective October 1, 2024, the payment percentage would fall from 1.21% to 0.94%. A companion notice made several changes to claims processing effective the same date: claims that would pay less than $100 are suspended and the limitations period for them is tolled, a $52 filing fee applies and is refunded on payment of a compensable claim, and the annual inflation adjustment to claim values is capped at 2.5%. The trust's notices page lists no later percentage change.