USG takes asbestos resolution step

Published: Friday, 17 February 2006

2 February 2006
US Gypsum (USG), the global gypsum and plasterboard company, has made a significant step forward in the resolution of asbestos claims against it, which caused the group to go into Chapter 11 bankruptcy protection in 2001. 

The move will see USG create and fund a trust established under Section 524(g) of the bankruptcy code for asbestos personal injury claims. Initially, after the plan becomes effective, the trust will be funded with $900m. in cash and a contingent note for another $3,050m.   All present...

This is a preview of the full article

Our market news and price data is reserved for registered users only.

Current customer? Login now

All of our industrial minerals price data and news is now available only through our new platform. Learn more about the intelligence we offer by visiting our Fastmarkets flagship website. If you are familiar with our reliable and trusted intelligence, fill out a request a quote form today to hear from our friendly sales staff who will create a custom license for you.


Interested in lithium prices? We now offer lithium prices and coverage free for reference. Click here to read all about it.

Interested in the wider electrification market?
Join our growing community of participants who want to learn more about electrification and how this market is developing.