The Babcock & Wilcox Asbestos Trust was formed in 2006 as a result of the bankruptcy of The Babcock & Wilcox Company, Diamond Power International, Inc., Babcock & Wilcox Construction Co., Inc., and Americon, Inc.

The Trust is organized to settle all valid asbestos personal injury claims against these defendants and certain related protected parties in accordance with the Trust Distribution Procedures ("TDP") approved by the bankruptcy court. These procedures provide the methods for filing a claim.

The goal of the Trust is to process and pay claims as promptly and efficiently as possible.