The Owens Corning Fibreboard Asbestos Personal Injury Trust was formed in October 31, 2006 as a result of the bankruptcy of Owens Corning and its wholly owned subsidiary Fibreboard to resolve all asbestos claims for which those entities had legal responsibility.
The Trust is organized to pay all valid asbestos personal injury claims against these defendants and any relevant related protected parties in accordance with the Trust Distribution Procedures ("TDP") approved by the bankruptcy court. The purpose of this website is to provide information to assist claimants and others in understanding the purpose of the Owens Corning Fibreboard Asbestos Personal Injury Trust and how the Trust resolves claims.
A copy of the applicable TDP is available on this site. Information regarding claim filing procedures will indicate, among other things, when and how claims may be filed with the Trust.
The current payment percentage for Owens Corning (OC) is 8.8% of scheduled value for Expedited Review and 8.8% of the gross settlement value for Individualized Review.
The current payment percentage for Fibreboard (FB) is 7.6% of scheduled value for Expedited Review and 7.6% of the gross settlement value for Individualized Review.