🎥 Uncover the history of Congoleum Corporation with AC.Law in this informative video on asbestos trusts. Founded in 1886 as Nairn Linoleum Co., the company moved to the United States from Scotland and manufactured various flooring materials.
In the 1960s, it was renamed Congoleum Corporation after partnering with a supplier from the Democratic Republic of Congo. For around 40 years, from the 1940s to the early 1980s, Congoleum used asbestos in its flooring products, including asphalt tile, vinyl flooring, and wood grain products.
Facing a staggering number of asbestos injury claims, Congoleum filed for Chapter 11 bankruptcy on December 31, 2003, and established the Congoleum Plan Trust in 2010. With a current payment percentage of 12.5%, the Trust has paid over $160 million to claimants since its establishment.
Discover the scheduled payment values and compensation breakdown for different asbestos injuries in the video. In 2022 alone, the Trust received 4,290 claims and paid out over $12.1 million, with $13,385,914 paid to claimants that year.
AC.Law has been instrumental in helping thousands receive rightful compensation for asbestos injuries, and we're here to assist you too. Don't miss this crucial video on the Congoleum Plan Trust. Let us help you seek the compensation you deserve.
Scheduled payment values for eligible claimants are included in the video for reference.
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).
