Notice Of Proposed Settlement Of Cimino Class Of Asbestos Claimants

RICHMOND, Va., Oct. 19, 2017 /PRNewswire/ -- In 1990, a group of refinery and chemical plant workers with individual asbestos cases pending in the Eastern District of Texas were consolidated, and then certified as a class against Pittsburgh Corning Corporation ("PCC") and other asbestos defendants. There followed a multi-phase process, including one trial for the ten (10) class representatives; damage trials for one hundred-sixty (160) claimants ("the Phase III Claimants"); and extrapolation awards for the two thousand one hundred and twenty-eight (2,128) remaining claimants based on the Phase III damage trials ("the Extrapolation Claimants").  The Phase III and Extrapolation Claimants are subject to this notice and the proposed settlement of their claims against the PCC Asbestos Trust.

As a result of PCC having filed for bankruptcy in 2000, this lawsuit is pending in the Bankruptcy Court for the Western District of Pennsylvania (the "Court"). The presiding judge is the Hon. Thomas P. Agresti.

All PCC asbestos claims, including those of the Cimino claimants, were channeled for resolution and payment to a trust established and funded by the PCC plan of reorganization as approved by the bankruptcy court. That trust is referred to in this notice as "the PCC Asbestos Trust" or "the Trust." Following the filing of claims on behalf of the Cimino claimants with the PCC Asbestos Trust, the Trust filed this action to Re-Open the PCC Bankruptcy for Clarification of the Trust Distribution Procedures ("TDP") governing asbestos claims against the Trust, specifically whether the Cimino claims represent Pre-Petition Liquidated Claims under the TDP.

Your interests in the lawsuit between the Trust and the Cimino claimants have been represented by the Plaintiffs' attorneys who are listed at the end of this document, including the Provost * Umphrey Law Firm and Reaud, Morgan and Quinn of Beaumont, Texas.

The PCC Trust has agreed to settle the pending litigation and the claims of the Cimino Claimants against the Trust. The Court has scheduled a hearing on Thursday, November 9, 2017 at 10:00AM to approve the settlement. All Cimino claims against the PCC Asbestos Trust will be fully resolved by the settlement agreement.

RECENT NOTICE TO CIMINO CLASS OF ASBESTOS CLAIMANTS

The Court recently approved a Notice of Motion For Approval of Settlement which was mailed to the individual Cimino claimants or their representatives on Friday, September 29, 2017 by the Notice Administrator.  If you are a Cimino claimant, or a representative of a Cimino claimant, and you have not received the Notice, please contact the Notice Administrator at (844) 344-7143.

QUESTIONS

If you have any questions about the Notice of Settlement or your individual settlement amount, please contact one of your attorneys listed below:

SOURCE Provost Umphrey Law Firm

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