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.
Motors Liquidation Co. (GM) Asbestos PI Trust
activeMotors Liquidation Company (General Motors)
Trust Details
- Administrator
- Verus LLC
- Court
- Bankr. S.D.N.Y.
- Docket
- 09-50026
- Asset Source
- net assets available for the payment of claims, audited special-purpose statements, FY2025 annual report
- Notes
- FY2025 annual report pulled from PACER 2026-07-28 (S.D.N.Y. 09-50026 Doc 14861, filed 4/30/2026): audited net assets available for payment of claims $130,075,609 at 12/31/2025. Cumulative: 'approximately $136.2 million paid to asbestos victims since inception' per annual report claims summary (25,296 claims paid since inception: 12,353 malignancy + 10,170 non-malignancy; claims processing began 4/30/2012). Payment percentage cut 12.2->10.3% announced 12/3/2025.
Recent Events
Queue priority 2 COMPLETE. Pulled FY2025 annual report from PACER (S.D.N.Y. 09-50026 Doc 14861: notice + Exhibit 1 + audit report, 30 pages, $3.30 fees). Upgrades: netAssets $152,000,000 (FY2021 secondary) -> $130,075,609 audited at 12/31/2025 (confidence secondary -> filed); cumulativePaid 136,200,000 as of 2025-12-31 per 'approximately $136.2 million since inception' (25,296 claims paid since inception). Aggregate: documented floor $14,420,434,586 -> $14,556,634,586 (10 trusts), remainder ~$9.44B; remainingAssetsPoint -> $16,855,052,400.
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.