01. History of Asbestos Use
Yarway Corporation用石棉使用历史
Yarway Corporation曾经被称为单纯化工程公司，由Robert Yarnall和Bernard Waring于1908年成立。经过几次品牌变更后，该公司于1962年正式成为Yarway Corporation，其产品今天仍然可以以此名称认可。
Yarway found a niche in the蒸汽动力行业, focusing on the manufacture of steam traps, valves,gaskets以及发电所需的其他组件。大约在1920年代，石棉在美国越来越受欢迎。该矿物的耐用性和化学和耐火性被认可，并且价格便宜。喜欢many other companies当时，Yarway开始将矿产纳入其产品，因为耐热性是电力行业的关键。
Throughout the next several decades, Yarway Corporation’s products continued to grow in popularity and expanded beyond the power-generation industry. Over time, the company also produced products for the chemical, pulp and paper industries.
他们仍然是市场上的主要参与者，在1985年的销售额为7000万美元。两年后，Yarway被另一家特色阀的大型制造商Keystone International，以1亿美元的价格购买。合并在Keystone在1997年被Tyco International Ltd.收购之前获得了多年的成功。该公司于1988年停止使用矿产。
Tyco continues to manufacture and sell Yarway products today, including pump protection valves, blow-off valves and boiler trim equipment.
Resources for Mesothelioma Patients
02. Asbestos Products
Yarway CorporationAsbestos Products
从1920年代初到1988年左右，Yarway制造了各种各样的products that contain asbestos。In various asbestos claims filed in more recent years, numerous exposure victims have named Yarway’s gaskets and packing as hazardous, as well as the company’s joint packing made of Teflon and asbestos from the 1940s to the 1970s.
Yarway Corporation生产的石棉产品包括：
- Yarway Process Steam Traps
- Yarway Series 40 Steam Traps
- YARWAY双人吹风阀
- Yarway Seatless (Simplex) Blow-off Valves
- Yarway Double-Tightening Valves
- Yarway Hydraulic Valves
- Yarway Air Control Valves
- 枪支膨胀关节
- 锻炼钢膨胀关节
- 气缸引导膨胀接头
- Yarway (Simplex) Pipe-Joint Clamps
- Yarway Automatic Boiler Skimmer
- Yarway Starting and Pressure Unloader
- YARWAY可调节喷头
03. Occupational Exposure
Yarway Corporationand Occupational Exposure
Yarway’s asbestos goods were manufactured and used across the country, putting thousands of people atrisk of exposure。除了Yarway雇用并直接生产产品外，来自许多其他职业的工人还与石棉材料和面对的曝光接触。
04. Asbestos Litigation
石棉针对Yarway Corporation
根据文件，Yarway首先被任命为被告石棉诉讼in 1991. Records show the majority of these original claims stemmed from asbestos use in the company’s gaskets and packing materials.
Between 2007 and 2012, Yarway noted they faced 10,000 mesothelioma lawsuits, which resulted inasbestos settlement totals超过1.25亿美元。2013年,该公司filed for Chapter 11 bankruptcy protection to help protect itself from the severe costs of future claims.
At the time of filing, Yarway contended that they had used all of the money from their insurance policies to pay the final claims and were unsure how to pay future claimants. They hoped to develop a reorganization plan that would create a trust fund for pending and future asbestos claims against them.
In reorganizing through bankruptcy, leadership also wanted to keep liability away from Tyco, which wholly owned Yarway Corporation, as they hadn’t used asbestos in their manufacturing. When the plan was approved, the court confirmed that Tyco would be immune from any pending or future asbestos-related claims.
05.石棉信托基金
Yarway CorporationAsbestos Trust Fund
当前支付成功clai百分比ms is 25%.
Yarway的破产申请及其重组计划于2014年10月批准，Yarway Trust于2015年8月正式成立。石棉信托基金was initially funded with $325 million and began accepting claims in December 2015.
Although the current payment percentage is 25%, the amount of compensation claimants may receive for their individual case can vary and be above base-level averages. The trustees will consider the claimant’s age, diagnosis and exposure history. The claimant’s law firm’s settlement history can also impact the amount of compensation received.
