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 pay 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. The purpose of this website is to provide information to assist claimants and others in understanding the purpose of the Babcock & Wilcox Asbestos Trust and how the Trust resolves claims. The Trust began accepting Babcock & Wilcox Asbestos Trust Claims on July 17, 2006 at 10:00 A.M. EST.
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 B&W is 6.3% of the scheduled value for Expedited Review and 6.3% of the gross settlement value for Individual Review.