Keene Corporation Asbestos Trust Fund
The Keene Creditors Trust was established through Keene Corporation’s bankruptcy to process, liquidate and pay valid asbestos personal-injury claims. Current official claims-processing materials confirm that the trust remains supported by Claims Processing Facility, Inc. (CPF), which publishes Keene claim forms, filing instructions, claims procedures, approved job sites and annual-report filings. This page uses those official materials and federal court records rather than unverified payout statistics.
Keene Creditors Trust Facts
| Company | Keene Corporation |
|---|---|
| Bankruptcy | Keene entered bankruptcy in 1993 after extensive asbestos litigation |
| Trust | Keene Creditors Trust |
| Trust purpose | Process, liquidate and pay valid asbestos personal-injury claims |
| Governing claims procedures | First Amended Keene Asbestos Related Personal Injury Claims Resolution and Distribution Procedures |
| Current claims processor | Claims Processing Facility, Inc. (CPF) |
| Official filing materials currently published | Expedited Claim Submission, filing instructions, claim form, CRDP, approved job sites, FAQs, deficiency codes and annual-report filings |
| Historical asbestos litigation | Federal court records report approximately 101,000 asbestos-related lawsuits involving property damage, personal injury and wrongful death when Keene filed bankruptcy in December 1993 |
Primary-source caution: Current secondary publications disagree on Keene’s payment percentage. Because a current official CPF payment notice was not confirmed in the primary materials reviewed for this update, this page does not present a secondary-source percentage as an official current rate.
Keene Bankruptcy and Trust History
Federal court records describe a rapid rise in asbestos litigation against Keene during the 1980s. By December 1989, more than 70,000 asbestos claims were pending. By December 1993, when Keene entered bankruptcy, it was a defendant in approximately 101,000 lawsuits involving asbestos-related property damage, personal injury and wrongful death.
Later federal litigation was brought by trustees of the Keene Creditors Trust on behalf of Keene’s estate and asbestos claimants. Current CPF materials state that the Keene Creditors Trust was established as a result of Keene Corporation’s bankruptcy and is organized to process, liquidate and pay valid asbestos personal-injury claims under the First Amended Keene claims procedures.
Claims Processing and Review
Claims Processing Facility, Inc. currently maintains a dedicated Keene Trust resource page. It provides Keene-specific claim filing instructions, a claim form, the governing Claims Resolution and Distribution Procedures, an expedited claim submission option, approved job-site information and trust FAQs.
The governing procedure controls disease categorization, exposure evidence, claim review and payment. A claimant should use the current CPF materials rather than relying on an older payment table or a third-party summary because trust procedures and payment percentages can change.
CPF also publishes deficiency codes and representation certifications, which can be relevant when a claim is incomplete or is filed on behalf of a deceased injured person.
Disease Values and Payment Verification
Historical court records confirm that Keene used scheduled disease values and a payment percentage. For example, a 2010 federal court order discussing an earlier Keene settlement stated that the trust’s mesothelioma value was $125,000 and that the percentage applicable to that historical claim was 1.1%.
That court record is useful historical evidence, but it is not evidence that 1.1% is the current 2026 payment percentage. Current third-party sources publish conflicting percentages, and this page does not choose among those secondary figures.
Current payment percentage: not published here without a current official Keene/CPF notice or equivalent primary record.
Current disease schedule: claimants should verify the current CRDP and CPF filing materials before relying on historical scheduled values. No payout illustration is provided because multiplying a historical value by an unverified current percentage could mislead readers.
Need help reviewing Keene exposure records? Call 800.291.0963. Live chat available 24/7, 365 days a year. Submit Your Case.
Exposure and Medical Evidence
A valid Keene asbestos claim requires evidence that satisfies the governing claims procedures. Medical evidence and exposure evidence serve different purposes: medical documentation supports the claimed asbestos-related disease, while exposure documentation connects the injured person to Keene-related asbestos exposure.
Potential exposure evidence can include employment and Social Security records, occupation and industry information, job-site records, product identification, invoices, catalogs, photographs and coworker statements. CPF’s current Keene materials include an approved job-site resource that can assist with exposure research.
A diagnosis alone does not establish qualifying Keene exposure, and evidence of historical contact with a Keene-related product does not by itself establish every medical or procedural requirement for an allowed claim.
Claim Filing Resources
The official CPF Keene page currently provides multiple trust-specific resources, including an Expedited Claim Submission, Keene Trust Claim Filing Instructions, Keene Claim Form, Keene CRDP, Approved Job Sites, Trust FAQs and Deficiency Codes.
CPF also provides electronic filing contact information and trust-specific documents. Claimants should use the current version of the filing materials because forms, procedures, approved-site information and administrative requirements can be revised.
Before submission, claim information should be checked for consistency across medical records, employment history, exposure dates, job sites and any related trust or litigation disclosures.
Confirmed Primary Sources for Trust Facts
Trust facts on this page are limited to official claims-processing materials and federal court records rather than law-firm or lead-generation websites.
- Claims Processing Facility, Inc. — Keene Trust: current trust administration, filing resources, CRDP, claim form, approved job sites, FAQs and annual-report filings.
- First Amended Keene Asbestos Related Personal Injury Claims Resolution and Distribution Procedures: governing framework identified by CPF for processing, liquidating and paying valid asbestos personal-injury claims.
- U.S. District Court, Southern District of New York — Lippe v. Bairnco Corp.: Keene’s asbestos-litigation history, bankruptcy context and Keene Creditors Trust litigation.
- Federal court settlement record: historical evidence of a $125,000 Keene mesothelioma value and 1.1% percentage applicable to an earlier claim; used only as historical context, not as a current rate.
Not published without acceptable current confirmation: current payment percentage, current disease schedule, current trust assets, cumulative claims paid and lifetime dollars paid. Those figures can be added when a current official Keene/CPF notice, annual report, audited financial statement or equivalent primary record confirms them.
Other Trust and Legal Options
Keene-related exposure may have occurred alongside asbestos products associated with other manufacturers, insulation companies and industrial suppliers. Each trust requires its own evidence and current procedural review. Qualification for a Keene claim does not automatically establish another trust claim or lawsuit.
Related Asbestos Trust Fund Resources
Manufacturer Trust Information
Filing and Eligibility
- Step-by-Step Guide to Filing an Asbestos Trust Claim
- Asbestos Trust Fund Requirements
- How to Avoid Trust Fund Filing Errors
Payments and Legal Strategy
Keene Corporation Asbestos Trust FAQs
What is the Keene Creditors Trust?
The Keene Creditors Trust was established through Keene Corporation’s bankruptcy to process, liquidate and pay valid asbestos personal-injury claims under its governing claims procedures.
Who currently processes Keene Trust claims?
Claims Processing Facility, Inc. currently maintains the official Keene Trust filing resources and contact information.
How many asbestos lawsuits was Keene facing at bankruptcy?
Federal court records report that Keene was a defendant in approximately 101,000 asbestos-related property-damage, personal-injury and wrongful-death lawsuits when it entered bankruptcy in December 1993.
What was Keene’s historical mesothelioma value?
A federal court record discussing an earlier settlement identified a $125,000 Keene mesothelioma value. This page treats that amount as historical unless the current CRDP confirms its continued use.
What is the current Keene payment percentage?
This page does not publish a current percentage because the primary materials reviewed did not provide a current official CPF payment notice, while secondary sources currently conflict.
Does CPF provide an expedited Keene claim option?
Yes. CPF’s current Keene resource page lists a Keene Expedited Claim Submission along with filing instructions and the standard claim form.
What evidence can support a Keene claim?
Evidence can include disease-specific medical documentation plus employment, job-site and product information connecting the injured person to qualifying Keene exposure under the current claims procedures.
Does the Keene Trust publish approved job sites?
CPF’s current Keene Trust resources include an Approved Job Sites document that can be used as part of exposure research.
Get Help Reviewing a Keene Corporation Asbestos Claim
If you or a family member has been diagnosed with mesothelioma, asbestos-related lung cancer or another asbestos-related disease and you are investigating Keene exposure, a review can help organize potentially relevant medical, employment, product and worksite evidence.
Call 800.291.0963 to discuss the work history, products, worksites and years of possible exposure you remember. Live chat is available 24/7, 365 days a year. Submit Your Case using the form below.
Prior asbestos exposure does not automatically establish eligibility for a trust claim or lawsuit. Trust availability, eligibility, filing requirements, payment rules and legal options depend on current procedures, evidence and individual circumstances. Compensation is not guaranteed.
⚕️ Legal & Medical Information Disclaimer
This page provides general educational information and is not medical or legal advice. The information does not establish asbestos exposure, diagnosis, causation, liability, claim eligibility or compensation. Medical concerns should be discussed with a qualified healthcare professional, and legal questions should be reviewed with a qualified attorney.