A federal court approved a settlement restructuring how asbestos injury claims would be paid from the Manville Trust, a fund created after Johns-Manville's bankruptcy. The court found the settlement fair and reasonable even though it acknowledged a better distribution system could have been designed. This case matters to construction subcontractors because it established how asbestos liability claims get resolved through bankruptcy trusts—a critical issue for anyone who worked with asbestos-containing materials on job sites.
Bankruptcy trusts can settle asbestos claims even if the payment structure isn't perfect, as long as it's fair and practical overall