Garlock Settlement Facility
The GST Settlement Facility (the “Trust”) was established as part of the Modified Joint Plan of Reorganization of Garlock Sealing Technologies LLC, et al., and OldCo, LLC, Successor by Merger to Coltec Industries Inc (the “Plan”). The Claims Resolution Procedures (the “CRP”), established pursuant to the Plan for the purpose of fairly and equitably resolving all asbestos claims arising as a result of exposure to Garlock or Coltec products, set forth the requirements that claimants must meet to receive payment from the Trust. The CRP are applied on an impartial, first-in-first-out basis, with the goal of paying all claimants over time as equivalent a share as possible of the value of their claims.
Pursuant to the CRP, the Trust has adopted policies and procedures for receiving, reviewing, and paying claims for asbestos personal injuries. These procedures require claimants to submit a completed Proof of Claim Form to the Trust. The Law Firm Registration Form, Electronic Filer Agreement required for electronic submissions, and a complete copy of the CRP are available for download on the Resources page of this website.
* Please be advised that the Trust is reviewing potential amendments to the Claims Resolution Procedures that could impact the claims review and valuation process. Accordingly, the applicable statute of limitations and repose set forth in Section 5.2 of the CRP, including the filing deadline for claims subject to an Asbestos Claims Bar Date, is hereby suspended until further notice. Claims subject to an Asbestos Claims Bar Date are not required to file with the Trust by January 15, 2021.
Once the Trust’s review is complete, the Trust will provide notice of the new filing deadline.