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The Johns Manville Asbestos Trust, called the Manville Trust, was created in 1988. The purpose of the trust is to resolve personal injury claims due to asbestos exposure from asbestos containing materials manufactured or mined by Johns Manville and its affiliates.
In August of 1982, Johns Manville corporation filed for Chapter 11 Bankruptcy to avoid an onslaught of lawsuits from its former employees. The company exposed workers to asbestos for years because the products that it manufactured contained asbestos. Later in life, people began to develop asbestos-related diseases, and were able to trace back their exposure to Johns Manville products. The Johns Manville asbestos trust started out with $2.5 billion. The Manville Trust was the first asbestos trust fund to be established.
Johns Manville was founded in 1901 and became one of the largest producers of construction materials in the United States. They used asbestos across a lot of different products for a lot of different industries, from ships to cars to building materials.
The company became aware of the dangers of asbestos and did not do much to protect their workers. After the dangers of asbestos became known, Johns Manville manufactured asbestos containing products for decades. The company is negligent in allowing workers to be exposed to a carcinogen without proper warning.
Before the Johns Manville asbestos trust was established, the company faced a multitude of lawsuits. Those who worked from one of the company’s facilities in Texas that made the insulated sleeves for pipes on US Navy ships were awarded $20 million. Another noteworthy lawsuit was worth $90.5 million. The families of 11 JM employees were awarded compensation for pain and suffering due to the loss of loved ones that passed away from an asbestos-related disease.
There are certain jobs associated with JM products that were at a high risk for asbestos exposure. Those who worked in the construction industry almost definitely used products manufactured by Johns Manville and therefore were exposed to high amounts of asbestos fibers. In fact, Johns Manville did not even put warning labels on its products until 1964, when they already knew the dangers of asbestos. Other jobs at high risk of asbestos exposure from Johns Manville products were:
Since the establishment of the Johns Manville asbestos trust, close to one million personal injury claims have been filed with the company. To be eligible for trust fund money from JM there are certain criteria that are necessary. First, the person who is filing the claim must be diagnosed with an asbestos-related disease by a doctor and there must be a link between the asbestos exposure and the related disease. There are also exposure requirements. The person with the asbestos-related disease must have experienced Significant Occupational Exposure as well as six months of asbestos exposure to Johns Manville products that contained asbestos prior to December 31, 1982.
There are a multitude of steps when filing a claim with the Johns Manville asbestos trust, therefore it is important to seek guidance from an attorney that is very familiar with asbestos law and how the process works. Our team of Trust Claims Specialists specializes in getting money from asbestos trust funds for our clients. We know how the trusts work, and we will be able to monitor how the claim is going and do all we can to get you the best compensation possible.
If you or a loved one has been diagnosed with an asbestos-related disease, such as mesothelioma, we are here to help you throughout the process of filing a claim and getting compensated due to the negligence of big companies like Johns Manville. Call us at (800) 505-6000 or fill out our contact form. We help victims of asbestos-related diseases in Pennsylvania file claims with asbestos trusts.