Manville trust funds depleted

The prototype of many asbestos trust funds, set up in 1982 by Denver-based building product maker Johns Manville Corp as part of chapter 11 bankruptcy protection, is in danger of serious depletion. Settlement Trusts, using at least 51% of a company’s worth though more typically closer to 80% or 90%, must deliver ‘fair, adequate and equitable compensation’ without forcing victims to go through the court system.