Owens Corning Asbestos Trust & Exposure
The Owens-Corning Corporation is a large company that develops and produces insulation, roofing tiles, and fiberglass composites.
Get Help Now with Owens Corning Asbestos Bankruptcy Trust
If you or a loved one worked at this corporation and has been diagnosed with mesothelioma or another asbestos-related disease, a mesothelioma lawyer at Goldberg, Persky & White P.C. can help you with filing mesothelioma claims.
Attorney help with Asbestos Bankruptcy Trust for Owens Corning
If you are an attorney or a law firm trying to file an asbestos claim with Owens Corning Asbestos Trust, we can help you. The lawyers at Goldberg, Persky & White P.C. have been fighting for victims of asbestos exposure for over 40 years. Give us a call today.
Industry: General Building Materials, Composites
Founded: Toledo, OH (1938)
Years Operated: 1938-Present
Headquarters: Toledo, OH
In 1935, two major American glassworks companies (Owens-Il..
Owens Corning Asbestos Belief & Publicity
The Owens-Corning Company is a big firm that develops and produces insulation, roofing tiles, and fiberglass composites.
Get Assist Now with Owens Corning Asbestos Chapter Belief
In case you or a liked one labored at this company and has been recognized with mesothelioma or one other asbestos-related illness, a mesothelioma lawyer at Goldberg, Persky & White P.C. will help you with submitting mesothelioma claims.
Lawyer assist with Asbestos Chapter Belief for Owens Corning
If you’re an legal professional or a legislation agency making an attempt to file an asbestos declare with Owens Corning Asbestos Belief, we will help you. The attorneys at Goldberg, Persky & White P.C. have been preventing for victims of asbestos publicity for over 40 years. Give us a name right now.
- Trade: Common Constructing Supplies, Composites
- Based: Toledo, OH (1938)
- Years Operated: 1938-Current
- Headquarters: Toledo, OH
Firm Historical past
In 1935, two main American glassworks corporations (Owens-Illinois and Corning Glass), merged to create the Owens-Corning Fiberglas Company. The newly shaped world firm had already reached gross sales of $2.6 million by 1938. On account of additional growth of supplying further merchandise except for fiberglass, the corporate determined to shorten its title to the Owens-Corning in 1996.
This firm was the primary to supply efficient and inexpensive fiberglass insulations sought by owners and builders nationwide. Such merchandise had been particularly in demand all through the post-World Warfare II housing growth. Whereas the corporate turned public in 1952, from the 1960s to the 1980s they continued to increase into new markets – and in 1957 the “Consolation Conditioned Dwelling” program was launched to advertise residential insulation gross sales.
Nonetheless, the 1980s turned a tricky yr for the corporate. Whereas dealing with giant debt ($2.5 billion), the development and new dwelling constructing hit a tough patch in 1989. Moreover, the hurt brought on by the asbestos used of their merchandise for many years caught up with the corporate as hundreds of lawsuits towards started to movement in – forcing the corporate to file for chapter.
The decline of the corporate continued all through the 1990s as that they had been the defendant in roughly 84,500 asbestos-related lawsuits. Though in 1997 Owens-Corning acquired one other producer often called Fibreboard Company this in the end positioned them as a bigger legal responsibility for lawsuits since that producer had additionally beforehand utilized asbestos inside their merchandise.
Asbestos Use in Merchandise
The expansion of the corporate was primarily in a part of the expansion in demand for fiberglass insulation, because it had grow to be the popular insulation in properties and companies throughout the nation. Nonetheless, insulating merchandise have to be warmth and fireplace resistant – which is why asbestos was integrated into the corporate’s supplies. Earlier than it was thought-about a dangerous carcinogen, the hearth/warmth resistant properties, easy accessibility, and affordability of asbestos made it an interesting product ingredient to corporations.
Till the early to mid-1970s most Owens-Corning merchandise contained asbestos together with the next merchandise:
- Chilly storage methods
- Duct insulation
- Gear insulation
- Insulating block
- Insulating roof tiles
- Laminated panels
- Pipe insulation
- One Cote Insulating Cement
- OCF Mastic
Moreover, Fibreboard utilized asbestos inside their merchandise – particularly flooring coating, gypsum board, insulating cement, insulating tape, paper insulation, pipe masking, roofing felt, and roof paint.
Owens Corning Asbestos Publicity
The corporate’s preliminary success charge locations its merchandise in varied settings – mostly together with properties, companies, and U.S. Navy ships or different cargo ships. In consequence, many employees, members of the family, and/or shoppers confronted asbestos exposure.
The next occupants are thought-about to be at higher-risk:
- Building employees
- Demotion employees
- Army veterans
- Owens-Corning manufacturing facility employees
- Shipyard employees
Not solely had been such employees or shoppers in danger – however family members that will have additionally confronted secondary publicity as effectively. This sort of publicity could happen when a person unknowingly brings dwelling the damaging fibers on their work garments, hair, and pores and skin.
Whereas the utilization of asbestos has considerably decreased and efforts to guard employees towards the dangerous fibers have strengthened, those that have beforehand confronted publicity are nonetheless vulnerable to uncommon, life-threatening illnesses reminiscent of mesothelioma.
Owens Corning Asbestos Belief and Litigation
By 1990 alone, Owens-Corning was the defendant in roughly 84,500 lawsuits associated to asbestos. Moreover, an estimated 3,000 people per month developed an asbestos-related illness regardless of the sale of Owens Corning’s final asbestos product in 1972.
The acquisition of Fibreboard solely elevated the quantity such lawsuits introduced on by injured employees, members of the family, and shoppers. As a way to deal with the rising asbestos-related claims filed towards Owens-Corning, the corporate was required to put aside funds to compensate present and future victims after submitting for Chapter 11 chapter in 2000. Thus, in 2006, the Owens Corning Fibreboard Asbestos Private Harm Belief, Owens Corning Subfund and Fibreboard Subfund was created throughout the reorganization.
The belief was funded with almost $7 billion in liabilities and since 2008 has paid out greater than $361 million to claimants.
Like many corporations, the executives at Owens-Corning determined to show a blind eye to the recognized hazards of asbestos and labeled their merchandise as non-toxic. Though they continue to be in enterprise right now and produce asbestos-free merchandise, their earlier negligence has resulted in unchangeable damages. In case you or a liked one has been affected by asbestos-exposure from Owens-Corning – or any firm that utilized asbestos merchandise – and are in search of knowledgeable assist, contact us right now. Our asbestos-disease specialists will get the solutions you want.
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