ASARCO Trust Reports Equity Of $1 Billion, More Than 300,000 Claims
(May 20, 2016, 3:45 PM EDT) -- CORPUS CHRISTI, Texas — The ASARCO Asbestos Personal Injury Settlement Trust, which had more than $1 billion in net equity at the end of 2015, approved 180 claims for payment out of 14,694 claims submitted to the trust last year, according to the trust’s annual report and financial statements filed April 29 in Texas federal bankruptcy court (In re: ASARCO LLC, et al., No. 05-21207, S.D. Texas Bkcy.).
(Annual report and financial statements available. Document #48-160527-018X.)
According to the report, ASARCO’s trust had paid $26,175,082 in...