Plant Insulation Trust Paid $601,456 To Asbestos Claimants In 2015

(May 25, 2016, 8:36 AM EDT) -- SAN FRANCISCO — The Plant Insulation Co. Asbestos Settlement Trust, which had more than $239 million in net claimants’ equity at the end of 2015, paid 16 of the 663 claims received last year and made settlement offers on 35 other claims, according to the trust’s annual report filed April 26 in California federal bankruptcy court (In re Plant Insulation Company, No. 09-31347, N.D. Calif. Bkcy.).

(Annual report available. Document #48-160527-020X.)

Net Claimants’ Equity

Plant filed a voluntary petition under Chapter 11 of the Bankruptcy Code...
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