API, Inc.
Payment Sum Percentage updated from 22% to 44% for Claims approved on or after September 1, 2026; Enhanced Claims retain distinct treatment. Released 2026-10-08 under the approved bounded release of the 2026-10-07 payment-rate reconciliation packet (approver: C.V.F.).
API, Inc. Asbestos Settlement Trust, Notices from the Trustee (2026-09-01)
Report editions with direct, substantive coverage of this trust’s documented figures, payment history, or case status.
The filing season closes with the documented floor confirmed at $17.04B and 23.3% on verified class-(a) footing. Maremont and API are now fully verified at FY2025, correcting a prior $933,980 under-verification. Seven cuts since January 2023, zero raises. Babcock & Wilcox completes the seven-week notice-to-cut template. No new formations or closures.
Filing-season issue: nine trusts move onto FY2025 filed footing, refreshing the documented floor to an exact $17,042,880,106 (23.3% class-(a)); cuts at Combustion Engineering and Babcock & Wilcox, reconsideration notices at Maremont, USG, and B&W; Georgia-Pacific abandons Bestwall and plans a new Chapter 11. Retrospective issue, backfilled July 28, 2026.
NARCO resumes under DCPF administration, the Fourth Circuit's Herlihy decision channels ~60,000 stayed DBMP suits toward a future trust, the Bestwall fight reaches the Supreme Court docket, and the Cross-Trust Audit Program runs its first cycles — a quiet quarter for payment percentages. Retrospective issue, backfilled July 28, 2026.