5 Clarifications On Asbestos Class Action Lawsuit Settlement

Diposting oleh Admin on Jumat, 29 Desember 2017

Asbestos Class Action Lawsuit Settlement

TO: ANY INDIVIDUAL, OR LOVED ONES OF A DECEASED INDIVIDUAL, WHO WAS A FORMER MEMBER OF THE CIMINO CLASS OF ASBESTOS CLAIMANTS.

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RICHMOND, Va., Oct. 19, 2017 /PRNewswire/ -- In 1990, a accumulation of refinery and actinic bulb workers with alone asbestos cases awaiting in the Eastern District of Texas were consolidated, and again certified as a chic adjoin Pittsburgh Corning Corporation ("PCC") and added asbestos defendants. There followed a multi-phase process, including one balloon for the ten (10) chic representatives; accident trials for one hundred-sixty (160) claimants ("the Phase III Claimants"); and extrapolation awards for the two thousand one hundred and twenty-eight (2,128) actual claimants based on the Phase III accident trials ("the Extrapolation Claimants"). The Phase III and Extrapolation Claimants are accountable to this apprehension and the proposed adjustment of their claims adjoin the PCC Asbestos Trust.

As a aftereffect of PCC accepting filed for defalcation in 2000, this accusation is awaiting in the Defalcation Cloister for the Western District of Pennsylvania (the "Court"). The authoritative adjudicator is the Hon. Thomas P. Agresti.

All PCC asbestos claims, including those of the Cimino claimants, were channeled for resolution and acquittal to a assurance accustomed and adjourned by the PCC plan of about-face as accustomed by the defalcation court. That assurance is referred to in this apprehension as "the PCC Asbestos Trust" or "the Trust." Following the filing of claims on account of the Cimino claimants with the PCC Asbestos Trust, the Assurance filed this activity to Re-Open the PCC Defalcation for Clarification of the Assurance Distribution Procedures ("TDP") administering asbestos claims adjoin the Trust, accurately whether the Cimino claims represent Pre-Petition Liquidated Claims beneath the TDP.

Your interests in the accusation amid the Assurance and the Cimino claimants accept been represented by the Plaintiffs' attorneys who are listed at the end of this document, including the Provost * Umphrey Law Firm and Reaud, Morgan and Quinn of Beaumont, Texas.

The PCC Assurance has agreed to achieve the awaiting action and the claims of the Cimino Claimants adjoin the Trust. The Cloister has appointed a audition on Thursday, November 9, 2017 at 10:00AM to accept the settlement. All Cimino claims adjoin the PCC Asbestos Assurance will be absolutely bound by the adjustment agreement.

RECENT NOTICE TO CIMINO CLASS OF ASBESTOS CLAIMANTS

The Cloister afresh accustomed a Apprehension of Motion For Approval of Adjustment which was mailed to the alone Cimino claimants or their assembly on Friday, September 29, 2017 by the Apprehension Administrator. If you are a Cimino claimant, or a adumbrative of a Cimino claimant, and you accept not accustomed the Notice, amuse acquaintance the Apprehension Administrator at (844) 344-7143.

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QUESTIONS

If you accept any questions about the Apprehension of Adjustment or your alone adjustment amount, amuse acquaintance one of your attorneys listed below:

Bryan O. Blevins, Jr.

Glen W. Morgan

Joseph F. Rice,

Provost * Umphrey Law Firm L.L.P.

Reaud, Morgan & Quinn L.L.P.