Babcock & Wilcox Enterprises
www.bwasbestostrust.comVerified trust notices, annual reports, and trust distribution procedures used in this record. Select a document to preview it on this page.
Owner-supplied E.D. La. 00-10992 Doc 7876 and Exhibit 1 (filed 4/29/2024) directly state approximately $1.916B paid on unliquidated PI claims plus approximately $62.3M on pre-petition liquidated PI claims, both inception-to-date through 12/31/2023. The combined approximately $1.9783B figure is now filed/source-linked; prior $1.94B secondary floor removed from Tier 2.
Babcock & Wilcox FY2023 Annual Report and Account, Doc 7876-1
Queue priority 11 COMPLETE. Pulled FY2025 annual report from PACER (E.D. La. 00-10992 Doc 7890: notice + Exhibit 1 annual report + Exhibit A audited financials, 39 pages, $4.30 fees incl. docket query). Upgrade: netAssets $307,145,349 (FY2022 secondary) -> $295,318,243 audited at 12/31/2025 (confidence secondary -> filed). cumulativePaid stays null: filing carries only per-period figures (FY2025 ~$19.89M paid on 18,555 claims), no inception-to-date line - gap flagged. Aggregate: remainingAssetsPoint $16,757,963,453 -> $16,746,136,347 (13 filed-asset trusts $6,741,377,085 + 28 secondary $10,004,759,262).
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.