FMP Notice Regarding Payment Percentage 2026
Please see the attached letter from the Federal-Mogul...
Federal Mogul Asbestos PI Trust
- The Federal Mogul Asbestos Personal Injury Trust will use the Trust Assets to pay all Asbestos Personal Injury Claims, caused by exposure to asbestos-containing products for which Federal-Mogul and/or its wholly owned direct or indirect subsidiaries Turner & Newall ("T&N") and its direct or indirect subsidiaries, Gasket Holdings Inc. ("Flexitallic") and Ferodo America Inc. ("Ferodo")(collectively, the "T&N Entities"); Federal-Mogul Products Inc. ("FMP"); Felt Products Mfg. Co. ("Fel-Pro"); and Federal Mogul's former division Vellumoid ("Vellumoid"); and their successors, and assigns (each a "Federal-Mogul Entity", and collectively, the "Federal-Mogul Entities") have legal responsibility under applicable tort law, as provided in and by the Plan of Reorganization and the Trust Agreement. The Trust was formed on December 27, 2007 and commenced operations.
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 Federal-Mogul U.S. Asbestos Personal Injury Trust and how the Trust resolves claims.
As explained more fully in the TDP, the Trust is comprised of four unique subfunds: the T&N Subfund, the FMP Subfund, the Fel-Pro Subfund, and the Vellumoid Subfund. Information regarding pursuit of claims against the Fel-Pro and Vellumoid Subfunds can be found in the Fel-Pro and Vellumoid Q&A on the Documents page of this website. The T&N Subfund began accepting claims on August 25, 2010 at 10:00 A.M. EST. Further information regarding the filing and processing of T&N Subfund Trust Claims can be found on this website. The FMP Subfund will begin accepting claims on September 17, 2018 at 10:00 A.M. EST. Further information regarding the filing and processing of FMP Subfund Claims can be found on this website. A copy of the TDP1 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.1To the extent any content on the website conflicts with the TDP, the TDP controls. - The current payment percentage for the Federal Mogul Asbestos PI Trust T&N Subfund is 3.9% of scheduled value for Expedited Review and 3.9% of the gross settlement value for Individual Review. The current payment percentage for the Federal Mogul Asbestos PI Trust FMP Subfund is 12.2% of scheduled value for Expedited Review and 12.2% of the gross settlement value for Individual Review.
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