USG Asbestos Trust: Claims and Payment

United States Gypsum Company was formed in 1901 through the merger of thirty gypsum and plaster companies. The trust's history page states that some products USG manufactured and sold from 1920 to 1978 contained asbestos, which produced a substantial number of asbestos-related claims. USG Corporation and its debtor subsidiaries filed Chapter 11 petitions in 2001 in the U.S. Bankruptcy Court for the District of Delaware, jointly administered under Case No. 01-2094. The plan created an asbestos personal injury trust with a channeling injunction under Section 524(g). A release filed with the SEC states that the plan became effective on June 20, 2006, after confirmation the previous week by the bankruptcy and district courts, and that USG paid $900 million to the trust on the effective date. The Trust Distribution Procedures also cover claims against A.P. Green entities for conduct before January 2, 1968. The trust site states it began accepting claims on February 19, 2007. A notice dated June 30, 2026 states a reduction in the payment percentage to 10%.