The Plibrico Company filed for bankruptcy protection in 2002 after asbestos litigation against the company began. The company’s bankruptcy trust was established in 2006 and funded with $206 million.Find Out If You Qualify for Compensation
Plibrico Company, originally known as the Pliable Brick Company, began operations in 1914 by manufacturing aluminosilicate and high alumina monolithic refractories. The pliable refractory material could be molded to fit any shape, unlike static firebrick materials that fit only a fixed shape. Plibrico used asbestos in its products to ensure they could withstand high heat.
The company was founded by W.A.L. Schaeffer, who recognized the need for pliable firebrick material in cargo ships during World War I. Pliable firebrick, also called monolithic or unshaped refractories, were considered advantageous because the product could be molded onsite into a single structure to fit high-heat areas. Other types of refractory materials had to be constructed off-site and shipped. Schaeffer’s invention was a precursor to the plastic refractories used today.
Although medical journals were reporting asbestos-related diseases as early as the 1920s, most companies ignored the repeated warnings from medical experts. Plibrico used the dangerous mineral for decades without warning its workers or anyone who came into contact with its products.
By the 1980s, Plibrico faced scores of lawsuits for its reckless use of asbestos. Pivotal legal actions concerning the company’s asbestos use came in the 1990s after lawsuits from a patient who suffered from malignant mesothelioma and the New Jersey Local 475 Steamfitters II union.
To avoid collapsing under the weight of the legal and financial problems, Plibrico filed for Chapter 11 bankruptcy reorganization. The Plibrico Asbestos Trust formed on March 1, 2006, through the U.S. Bankruptcy Court in the Northern District of Illinois.
Like all other asbestos trusts, the Plibrico trust has a limited amount of funds to pay claimants. When the trust opened, it paid 1.2 percent. The amount was raised to 1.36 percent in 2016. That means claimants receive 1.36 percent of the amount requested. This allows for an even distribution of funds across all claimants.
See if you qualify for compensation from the Plibrico Asbestos Trust today.Get Help Now
Refractory materials became popular in the early to mid 20th century as the United States industrialized. It was used to line furnaces, kilns, incinerators and other high-heat producing machinery.
To make refractory products, Pilbrico used asbestos because of its high heat resistance. Since asbestos fibers are lightweight and microscopic they can be easily mixed with other products to improve tensile strength and heat, chemical and fire resistance.
Plibrico employees and their families were exposed to asbestos every day because the company used asbestos in its products. Anyone who handled the products or worked nearby was vulnerable to exposure. In addition, workers who installed Plibrico refractory materials were also exposed.
Plibrico’s pliable firebrick products were produced in factories in states that include Ohio and Illinois. The company has its corporate headquarters in Chicago and has international offices in Costa Rica, Honduras and El Salvador.
All Plibrico employees are at risk of developing mesothelioma following asbestos exposure. At the same time, workers in other industries are also at risk of developing diseases related to exposure to Plibrico asbestos-containing products. These high-risk occupations include the following:
Trust fund claimants have two choices for payment: Expedited or individual review.
Asbestos victims who choose expedited reviews receive quicker access to cash payments because the reviews are easier for the trust administrators (also called trustees) to process.
Victims who choose individual reviews typically receive larger settlement amounts but the reviews take longer. Most asbestos victims are exposed through a number of sources, so they often file claims on several asbestos trusts. Claimants must meet medical and exposure criteria established by the trust to successfully file a claim.
The following is a schedule of values for Plibrico expedited-review claims:
|Other Asbestos Diseases||$1,500|
Like other companies of its time, Plibrico used asbestos in its products from the company’s early years through the 1970s. Any of Plibrico’s asbestos-containing products may remain in homes and businesses today. Some of the company’s more popular early products include the following:
Other Plibrico products include Pilseal boiler wall coating and Plicast LWI-24G.
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