The votes of thousands of asbestos victims across the country will be counted on 7 September, to decide the fate of their long awaited compensation claims.
A five-year compensation battle by former Turner and Newall (T&N) workers will come to a close when the votes are recorded during a meeting of creditors of Newalls Insulation Limited on Thursday. Many sufferers have already cast their votes by post.
The workers, some of whom now suffer from mesothelioma, were exposed to deadly levels of asbestos every day during their working lives at T&N factories – which included asbestos cement manufacturing, chemicals, engineering, insulation and car components.
Many former T&N employees have died without seeing a penny of their compensation for them or their families.
Parent company Federal Mogul went into administration in 2001, freezing all compensation payments.
But now asbestos victims could finally get their money with some claims worth up to £100,000.
During the summer claimants received a 500-page document from Federal Mogul administrators laying out terms of the latest offer.
Some claimants could share a £36m cash pot allocated for asbestos compensation payments to former T&N workers.
It is hoped that some former employees who were exposed to asbestos after 1969 will receive more than 60% of their entitlement, compared to an initial offer by Federal Mogul of only 7%.
Claimants who did not work for T&N, but were exposed to asbestos because they lived near a factory or were related to an employee are expected to receive up to 20% of their compensation.
If the company hadn't gone into administration, sufferers would have received 100% of their compensation.
Ian McFall, head of litigation at Thompsons Solicitors, said: “Thursday is an important day in the fight for compensation for T&N’s asbestos victims. It could bring to an end uncertainty for many families who have been waiting a long time to know the outcome of their claims.
“If the majority of claimants vote in favour of this scheme they could be receiving payments in the next couple of months.”
Thompsons Press Office
Tel: 07711 378 877
Thompsons Press Office
Tel: 07812 766 338
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