For decades, the Flintkote Company manufactured roofing materials and construction supplies containing asbestos and excavated for asbestos through its namesake mining company. By 1985, the company had nearly 150 plants, including about 30 around the globe, and sales revenues of about $685 million.Get Help Now
By the time the company filed for bankruptcy in 2004, it had paid more than 270,000 claims totaling about $630 million and was facing another 157,000 outstanding asbestos injury claims.
The Flintkote Asbestos Trust pays $184,000 for an expedited mesothelioma claim, with a payment percentage of 8%. That means individuals approved for an expedited mesothelioma claim would receive 8% of $184,000, or $14,720.
The Flintkote Company opened in Massachusetts in 1902, was incorporated in 1917 and, in the 1930s, began using asbestos in its products. The company also mined for chrysotile asbestos from 1945 to 1971 in Quebec, Canada.
Flintkote manufactured popular asbestos-containing construction materials, including asphalt roofing shingles, asbestos-containing sidings, cement, joint compounds, water and dampness control products and wallboard.
After the company went public in the mid-1930s, Flintkote diversified further by introducing folded boxes and consumer packaging into its line. Through the 1950s and 1960s, the company added gypsum, paper products and pipes to its product catalog. By the early 1970s, Flintkote had 11,300 employees.
In 1982, the company officially stopped manufacturing products using asbestos. Two years later, the company stopped distributing asbestos-containing products. By then, the company was facing an avalanche of legal claims from asbestos injuries.
In 2004, Flintkote filed for Chapter 11 bankruptcy protection with $160 million in assets and $70 million in non-asbestos liabilities. The Flintkote Trust was established in 2015 with $214 million in compensation.
The trust has approved nearly 800 sites where Flintkote asbestos was used, including department stores, schools, hospitals, churches and zoos nationwide.
See if you qualify for compensation from the Flintkote Company Asbestos Trust.Get Help Now
The Flintkote trust recognizes seven diseases related to asbestos exposure. The trust allows claimants to choose one of two processes to determine if compensation is available — expedited review or individual review. Claimants who prefer the expedited review, which generally takes about 90 days, receive a fixed settlement amount if the claim is approved. Claimants whose expedited review is rejected or who seek a more significant settlement over the expedited review amount can opt for an individual review. An individual review can take 120 days but can net a larger settlement amount based on individualized circumstances.
Trustees established disease levels and corresponding settlement amounts for expedited reviews, as follows:
Trustees established maximum values and average settlement amounts for individual reviews, as follows:
|Disease||Scheduled | Average | Maximum|
|Mesothelioma (Level VII)||$184,000 | $210,000 | $450,000|
|Lung Cancer 1 (Level VI)||$20,000 | $25,000 | $40,000|
|Severe Asbestosis (III)||$15,000 | $20,000 | $35,000|
The Flintkote trust also recognizes other claims that can provide financial assistance to victims:
All Flintkote claims are handled on a first-in, first-out (FIFO) basis, so injured victims are urged to submit claims as soon as possible. Many claimants who are facing medical treatments use the services of an attorney who specializes in asbestos litigation. Asbestos attorneys help claimants by easing the burden of researching and documenting connections to the disease. They help submit information on a timely basis for quick access to financial compensation.
Anyone who has been exposed to Flintkote asbestos-containing products and has developed asbestos-related diseases should consider filing an asbestos trust claim. Contact us today for a free consultation with an attorney.
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