🔍 This video delves into the history of APi, Inc. (API), a company founded in 1926 that specialized in plumbing, insulation, and heating. API was a major distributor and installer of materials commonly used on pipes, boilers, and ductwork, many of which contained asbestos.
🏭 Workers in trades like HVAC or plumbing were at risk of exposure to asbestos from products used or sold by the company. API reported that it stopped using and selling asbestos-containing products in August 1973. However, by the early 1980s, it was facing the first of the lawsuits that would eventually lead it to file for Chapter 11 bankruptcy in 2005.
💰 In 2007, API’s bankruptcy trust was established with around $94 million in funding. According to the latest financial reports, around $69.6 million has been paid out to claimants since the trust was established, with $1,130,510 paid in new claim payments during 2022.
📈 We’ve helped thousands of people receive the compensation they deserve for their asbestos injuries. Let us help you. You can contact asbestos attorney Justinian C. Lane at Asbestos Claims Law via his website at http://www.AsbestosClaims.law.
Email directly at help@asbestosclaims.law.
Or call anytime at (833) 4-ASBESTOS (427-2378).
