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.
Court Document Temporarily Unavailable
The most recent annual report for this trust is filed with the court but cannot currently be retrieved from PACER (Public Access to Court Electronic Records) due to a CM/ECF system error. Some figures shown may rely on older filings or secondary sources until the document becomes accessible. We retry periodically.
Trust Details
- Administrator
- Verus LLC
- Court
- Bankr. D. Del.
- Docket
- 02-10429
- Asset Source
- assets per FY2022 annual report (secondary compilation)
- Notes
- Interim, consent-pending 10.6% applied from 2/5/2025 under TDP §4.3 while the proposed decrease from 15.5% awaits TAC/FCR consent (official notice dated 2/5/2025); not described as final. Trust website (kaiserasbestostrust.com) posts no annual reports (resources + notices pages verified 2026-07-27) - filed reports are PACER-only; cumulativePaid stays null
Recent Events
10.6% retained only as an interim, consent-pending applied rate beginning February 5, 2025 (proposed decrease subject to TAC and FCR consent); the unsupported 2006-01-01 effective date was removed. Not described as final or fully adopted. Released 2026-10-08 under the approved bounded release of the 2026-10-07 payment-rate reconciliation packet (approver: C.V.F.).
Kaiser Asbestos PI Trust, Notice of Request for Consent to Decrease Payment Percentage (2025-02-05)
Related Research Reports
Report editions with direct, substantive coverage of this trust’s documented figures, payment history, or case status.
The 2025 year in review: four payment-percentage cuts and the Celotex deferral, Rapid-American's end-of-life, landmark Fourth Circuit rulings in Kaiser Gypsum and Bestwall, and DCPF's §5.5 amendments and Cross-Trust Audit Program consolidating governance across half the documented floor. Retrospective issue, backfilled July 28, 2026.