The T&N and FMP Subfunds of the Federal-Mogul Asbestos Trust were organized to process, liquidate, and pay all valid Asbestos Trust claims for which the T&N and/or FMP Entities respectively have legal responsibility. The Trust was created December 27, 2007 as a result of the confirmation of The Federal-Mogul Chapter 11 Joint Plan of Reorganization (the “Plan”). The purpose of the Trust is to provide fair, equitable and substantially similar treatment for all Trust claims that may presently exist or may arise in the future in substantially the same manner.
The Trust Distribution Procedures (TDP) approved by the bankruptcy court provide for resolving all asbestos-related personal injury and death claims caused by conduct of, and/or exposure to products for which Federal-Mogul Entities are responsible in the manner set forth for the specific Federal-Mogul Entity.