Welcome to Motors Liquidation Company Asbestos PI Trust
The MLC Asbestos PI Trust will use the Trust Assets to pay all Asbestos Personal Injury Claims, caused by exposure to asbestos-containing products for which by Motors Liquidation Company (f/k/a General Motors Corporation) and its affiliated debtors have legal responsibility under applicable tort law, as provided in and by the Plan of Reorganization and the Trust Agreement. The Trust was initiated on March 31, 2011, and commenced operations. The most recent annual report of the Trust may be found here. Kirk Watson was appointed Trustee and continues to serve in that role. Judge Dean Trafelet (Ret.) was named the Legal Representative for Future Claimants (the “Futures Representative”) and continues to serve as such. John Cooney, Steven Kazan and Perry Weitz were named to the Trust Advisory Committee (“the TAC”) and all three continue to serve on the TAC.
The Trust has established procedures and systems to receive and review claims. Information and instructions regarding the filing of PI Trust claims may be found in the Resources section of this website.
Payment Percentage Notice:
The Trustee of the MLC Asbestos PI Trust engaged in a process, as provided in the Trust Distribution Procedures (the "TDP"), with the TAC and the Futures Representative regarding the determination of the initial payment percentage.
As required by Section 4.2 of the TDP, the Trustee took into consideration current estimates of the number, types and values of present and future claims against the Trust, the value of assets currently available to the Trust for claims payments, anticipated administrative and legal expenses, and all other material matters that we and our advisors considered to be reasonably likely to affect the sufficiency of the Trust’s assets to pay a comparable percentage of full value to all holders of claims against the Trust. Further, the Trustee received and relied on advice from both the Trustee's advisors and the respective advisors of the TAC and the Futures Representative.