About Plibrico Company

Originally called Pliable Brick Company, Plibrico specialized in the production of industrial equipment that would be used in high-temperature environments. Places such as refineries, steel mills, power plants, and other industrial settings used Plibrico’s products. Asbestos proved to be useful in such applications because effectively insulated and protected materials. When asbestos fibers are breathed in by individuals, they can become embedded in organ lining and develop into various diseases. Plibrico heavily used asbestos in its products for years.

Though useful, the dangers of asbestos were not well known at the time. Workers were not adequately protected against the dangers of the mineral and were exposed to asbestos’ cancer-causing properties. 

What is an asbestos trust fund?

An asbestos trust fund is a sum of money set aside by a bankrupt company to compensate victims of asbestos-related diseases. These victims must have a legitimate link between their diagnosis and the company to be eligible for settlements. A trust claims specialist can help you determine if you are eligible for a trust fund and any additional trusts.

Exposure to asbestos could also be second-hand. For example, if a Plibrico employee went home with asbestos fibers clinging to their clothing, whoever does their laundry or is around them could inhale the fibers when they are dislodged. Similarly, asbestos fibers can cling to someone who interacts with Plibrico’s products.

How does an asbestos trust fund work?

An asbestos trust fund works by examining claims sent in by individuals who have been diagnosed with an asbestos-related disease such as mesothelioma, asbestosis, lung cancer, and more. Depending on the severity and type of disease, each claimant will be awarded a different settlement. For example, mesothelioma is considered the most severe disease by these trusts and is typically awarded larger settlements.

If you or a loved one has been diagnosed with mesothelioma, you may be eligible for financial compensation. For more information about legal options and to get in touch with a trust claims specialist, call (800) 505-6000 or fill out this contact form.