Pittsburgh Corning Corp Asbestos Trust Fund
The Pittsburgh Corning Corporation Asbestos Personal Injury Settlement Trust was established through Pittsburgh Corning’s Chapter 11 reorganization to resolve qualifying asbestos personal-injury claims. The trust began accepting claims on March 21, 2017. This page uses official trust documents and SEC-filed corporate records for current payment information, disease values, funding history and filing requirements.
Pittsburgh Corning Trust Facts
| Trust | Pittsburgh Corning Corporation Asbestos Personal Injury Settlement Trust |
|---|---|
| Bankruptcy | Pittsburgh Corning Corporation filed Chapter 11 reorganization proceedings in 2000 |
| Plan confirmation | Confirmed by the bankruptcy court in May 2013; remaining challenges were withdrawn in January 2016 |
| Plan effective date | April 27, 2016 |
| Trust claims began | March 21, 2017 at 10:00 a.m. EST |
| Current payment percentage | 19% for Expedited Review scheduled value and 19% of Individual Review gross settlement value |
| 19% rate effective | Applied after the November 7, 2024 transition described in the official trust notice; current trust website continues to state 19% |
| Mesothelioma scheduled value | $175,000 |
| Mesothelioma average Individual Review value | $200,000 |
| Mesothelioma maximum Individual Review value | $500,000 |
Source standard: Current payment information comes from the official trust. Disease values come from the official Trust Distribution Procedures and claim instructions. Historical funding information is limited to SEC-filed records rather than unverified secondary estimates.
Bankruptcy and Trust History
Pittsburgh Corning Corporation entered Chapter 11 reorganization proceedings in 2000. SEC-filed records from PPG and Corning state that the modified reorganization plan was confirmed by the U.S. Bankruptcy Court for the Western District of Pennsylvania in May 2013. Remaining legal challenges were withdrawn in January 2016.
PPG reported that the plan, including its asbestos channeling injunction, became effective on April 27, 2016 and created the Pittsburgh Corning Asbestos Trust to resolve channeled asbestos claims. The official trust website states that claims began being accepted on March 21, 2017.
Trust Funding and Contributions
SEC filings provide unusually detailed primary-source evidence about major funding obligations. PPG reported that on June 9, 2016 it transferred 2,777,778 shares of PPG common stock to the trust and conveyed its Pittsburgh Corning Europe stock. PPG also reported making a discounted $764 million cash payment that satisfied its future cash-payment obligations under the plan.
PPG further reported that participating historical insurance carriers were required to make approximately $1.7 billion in cash payments to the trust between the 2016 funding effective date and 2027, subject to the plan’s prepayment provisions.
Corning’s SEC filings separately described its required equity contributions and a fixed series of cash payments totaling $290 million. These figures describe specific plan funding obligations and contributions; they should not be added together casually and presented as a current trust asset balance.
Disease Scheduled and Maximum Values
The Pittsburgh Corning Trust Distribution Procedures and official Individual Review materials list the following claim values. Scheduled, average and maximum values are valuation figures, not guaranteed payments.
| Disease | Scheduled Value | Average Value | Maximum Value |
|---|---|---|---|
| Mesothelioma — Level VIII | $175,000 | $200,000 | $500,000 |
| Lung Cancer 1 — Level VII | $47,500 | $50,000 | $100,000 |
| Lung Cancer 2 — Level VI | None | $20,000 | $50,000 |
| Other Cancer — Level V | $27,500 | $30,000 | $100,000 |
| Severe Asbestosis — Level IV | $47,500 | $50,000 | $100,000 |
| Asbestosis/Pleural Disease — Level III | $11,750 | $12,500 | $22,500 |
| Asbestosis/Pleural Disease — Level II | $5,500 | $6,000 | $10,000 |
| Other Asbestos Disease — Level I | $400 cash discount payment | None | None |
Current Payment Percentage and Examples
The official Pittsburgh Corning Trust website currently states a 19% payment percentage: 19% of the scheduled value for Expedited Review and 19% of the gross settlement value for Individual Review. An official November 7, 2024 notice states that the trust reduced the percentage from 24.5% to 19% and instructed that the 19% rate apply thereafter until further notice.
| Mathematical Example | Value | 19% Amount |
|---|---|---|
| Mesothelioma Expedited Review scheduled value | $175,000 | $33,250 |
| Lung Cancer 1 Expedited Review scheduled value | $47,500 | $9,025 |
These calculations illustrate how the current percentage applies to scheduled values. They are not promises of payment. Individual Review uses the gross settlement value rather than automatically using the scheduled value, and actual payment depends on a valid claim and the governing procedures.
Need help reviewing Pittsburgh Corning exposure records? Call 800.291.0963. Live chat available 24/7, 365 days a year. Submit Your Case.
Exposure and Medical Requirements
Official Pittsburgh Corning claim instructions state that a claimant must submit a complete claim with credible medical and exposure evidence under the Trust Distribution Procedures. The trust offers two principal review methods: Expedited Review and Individual Review.
Expedited Review applies scheduled disease values when the claim satisfies the applicable presumptive medical and exposure criteria. Individual Review permits individual evaluation of medical and exposure information and claim value, but the resulting liquidated value may be higher or lower than the scheduled value and generally requires more review time.
Potential supporting evidence can include medical records, employment and Social Security records, worksite history, occupation and industry information, product identification, invoices, catalogs, photographs and witness statements. The precise evidence required depends on the disease level, exposure history and review process.
Confirmed Primary Sources for Trust Facts
Statistics and claim information on this page are checked against official or primary records rather than law-firm or lead-generation websites.
- Pittsburgh Corning Corporation Asbestos Personal Injury Settlement Trust: current 19% payment percentage, claim-opening date and current filing information.
- Pittsburgh Corning Trust Distribution Procedures: disease levels, scheduled values, average values, maximum values, Extraordinary Claims and payment rules.
- Pittsburgh Corning official Proof of Claim instructions: Expedited Review, Individual Review, medical and exposure evidence, releases and payment mechanics.
- Official November 7, 2024 payment-percentage notice: reduction from 24.5% to 19% and transition rules.
- PPG SEC filings: plan effectiveness, PPG stock contribution, $764 million cash funding and approximately $1.7 billion in participating-insurer payment obligations.
- Corning SEC filings: equity contributions and $290 million fixed-series payment obligations under the plan.
Not published without acceptable confirmation: a current trust asset balance, cumulative claims paid or lifetime dollars paid. Those statistics can be added when an official annual report, audited financial statement, bankruptcy filing or equivalent primary record confirms the exact figure and reporting date.
Other Trust and Legal Options
Pittsburgh Corning exposure may have occurred alongside asbestos products supplied by other manufacturers, insulation companies or equipment companies. Separate evidence may support investigation of additional trusts or legal claims, but qualification for the Pittsburgh Corning Trust does not automatically establish another claim.
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
Pittsburgh Corning Asbestos Trust FAQs
When did the Pittsburgh Corning Trust begin accepting claims?
The official trust website states that it began accepting Pittsburgh Corning asbestos personal-injury trust claims on March 21, 2017 at 10:00 a.m. EST.
What is the current Pittsburgh Corning payment percentage?
The official trust currently states 19% of scheduled value for Expedited Review and 19% of gross settlement value for Individual Review.
When did the payment percentage change to 19%?
An official November 7, 2024 notice reduced the percentage from 24.5% to 19% and stated that 19% would apply thereafter until further notice, subject to the notice’s transition rules.
What is the Pittsburgh Corning mesothelioma scheduled value?
The official TDP lists $175,000 for Level VIII mesothelioma, with a $200,000 average Individual Review value and $500,000 maximum value. These are valuation figures, not guaranteed payments.
What is the Lung Cancer 1 scheduled value?
The official TDP lists a $47,500 scheduled value, $50,000 average Individual Review value and $100,000 maximum value for Level VII Lung Cancer 1.
What is 19% of the $175,000 mesothelioma scheduled value?
The mathematical result is $33,250. This illustrates the current Expedited Review percentage calculation only and does not guarantee eligibility or payment.
What evidence is required for a Pittsburgh Corning claim?
Official claim instructions require a complete submission with credible medical and exposure evidence under the Trust Distribution Procedures.
How much money remains in the Pittsburgh Corning Trust?
This page does not publish a current asset balance unless it can be confirmed from an acceptable official annual report, audited financial statement, bankruptcy filing or equivalent primary record with a reporting date.
Get Help Reviewing a Pittsburgh Corning 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 Pittsburgh Corning exposure, a claim 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 percentages 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.