The Trust has entered into a Transition Agreement regarding Trustee resignation with Stephen M. Snyder attached here
PLEASE TAKE NOTICE that a hearing on the motion to approve Thorpe Insulation Settlement Trust’s Ninth Annual Report and Accounting is scheduled for Wednesday, June 12, 2019 at 2:00 p.m. before the United States Bankruptcy Court Judge, the Honorable Sheri Bluebond, at the United States Bankruptcy Court for the Central District of California, Los Angeles Division, located at 255 East Temple Street, Los Angeles, California 90012 in Courtroom 1539.
Thorpe Insulation Approved Modifications
Modifications to the Trust Distribution Procedures were approved by the Trustees, with consent of the Futures Representative and Trust Advisory Committee, as follows:
Trust Distribution Procedures
Section 6.2 (j) Claim Materials
Information sufficient to establish that the claimant is not eligible nor has received Medicare benefits. Information representing that the date of last exposure to Thorpe Insulation Company’s asbestos products or operations happened before or after December 5, 1980. Information of satisfied Medicare lien or global settlement documentation.
2019 Indexed Base Case Values for Economic and Medical Loss
The new indexed base cases values for 2019 are as follows:
2019 Economic Loss Base Case $231,000
2019 Medical Loss Base Case $246,000
2019 Assumed Future Medical Loss and Funeral Expenses $92,626