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  • Writer's pictureKirk Hartley

Rebranding Continues – Now There’s an “Asbestos Trust Fund for Navy Veterans&#8221

The developments never stop in the rebranding and marketing of asbestos bankruptcy trusts, as illustrated below.

The online version is here.

"Asbestos Trust Fund Established for Navy Veterans With Mesothelioma and Other Asbestos-Related Diseases

Mesothelioma, a cancer caused by exposure to asbestos, affects nearly 3,000 Americans each year. However, over one-third of the victims are military veterans. Due to the extended latency period of the disease some veterans exposed to asbestos between the 1950s and 1970s are just now exhibiting symptoms, and are dealing with their mounting medical bills. Financial relief will soon be available for some of these veterans through the formation of a fund designated for compensation to Navy veterans who were harmed by asbestos disease.

Under a Chapter 11 bankruptcy reorganization plan, Leslie Controls, Inc, a manufacturer that supplied asbestos-containing gaskets and valves to the U.S. Navy from the 1940s until the 1980s, has established an “Asbestos PI Trust” available to Navy veterans. "

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