Welcome to the C. E. Thurston & Sons Asbestos Trust Home Page. The Trust was formed in 2006 as a result of the bankruptcy of the C. E. Thurston & Sons, Inc. (“Thurston”). Thurston provided insulation materials and contracting in 13 states, primarily around the eastern seaboard and in certain Virginia shipyards.
To read more about the history of Thurston, click here.
For complete filing instructions and forms, click here.
The Trust has adopted policies and procedures requiring each previously paid claimant or the claimant’s counsel to affirmatively accept the supplemental payment before a check will be issued. Please refer to the “Supplemental Payment Policies and Procedures - 2015” memo. Click here for the memo.
Pursuant to Section 6.2 of the Asbestos Related Claims and Demands Trust Distribution Procedures (“the TDP”), the Trustee has recently completed a re-evaluation of the Payment Percentage. As a result of this re-evaluation, the Trustee – with the consent of the Trust Advisory Committee and the Legal Representative – has decided to increase the Payment Percentage from 25% to 35%. The Trustee has also decided that this increase in the Payment Percentage is to be applied to all post-bankruptcy claims which were previously paid by the Trust at a lower rate. Further information regarding the policies and procedures regarding the supplemental payment will be posted in the near term.
The C.E. Thurston & Sons Asbestos Trust POC and POC instructions have been updated:
Revised POC form Proof of Claim Form -Rev. 5
Revised POC Instruction form Proof of Claim Instruction Form -Rev. 3
The C.E. Thurston & Sons Asbestos Trust SOL Policy Change deadline has been extended to November 30, 2013.
The C.E. Thurston & Sons Asbestos Trust SOL Policy Change:
The updated version of the C.E. Thurston & Sons Asbestos Trust Approved Site List (8/21/2012)
The following document provides information on the change to the pro rata share for the C.E. Thurston & Sons Asbestos Trust.
Notice of Offer Resumption and New Payment Percentage
The Trust has revised section 7.1(a)(2) of the TDP to extend the deadline for filing unexpired, prepetition claims from March 31, 2009 to November 16, 2009 as follows: If a claim was not barred by the applicable statute of limitations at the Petition Date, it will be treated as timely filed if it is actually filed with the Trust within three (3) years after the Initial Claims Filing Date, i.e. if filed by November 16, 2009. To see the complete revised TDP,
Key Dates for C. E. Thurston & Sons (Revised)