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Phillip Carey Manufacturing Company Asbestos Trust

Compensation for those exposed to asbestos by Phillip Carey Manufacturing Company.

Asbestos Trust Fund

Phillip Carey Manufacturing Company has been a subsidiary of Rapid American Corporation since 1972. Before that merger, Phillip Carey had been party to a number of mergers. Accordingly, there has been confusion about which company used asbestos. Phillip Carey used asbestos to manufacture industrial equipment, such as boilers, insulation, generators and pipes, for decades. The company was founded in Ohio, in 1888. The company even owned its own asbestos mines.

As early as the 1920s, physicians recognized that exposure to asbestos caused severe sickness when asbestosis was identified by British medical journals. At the same time, insurance companies in the United States and Canada stopped selling life insurance to asbestos workers. Moreover, safer substitutes for most asbestos uses were known as early as the 1930s. Nevertheless, Phillip Carey chose to protect its substantial profit margins rather than discontinue use of the mineral.

Phillip Carey used the deadly mineral until the 1960s. Thus, the employees who made Phillip Carey products, the workers who installed them and the customers of their products were placed in grave danger of developing asbestosis and the aggressive cancer called mesothelioma.

Phillip Carey and its parent company, Rapid American, faced enormous liability because they injured many people. The division of the company that was responsible for settling these cases was Celotex. Celotex, however, chose to ferociously litigate the claims for years rather than compensate the victims.

Nevertheless, Celotex eventually declared bankruptcy in 1990 and entered protection of the court. By that process a trust fund was created to compensate the individuals injured by Phillip Carey. That fund, however, was insufficient and many individuals still need to be compensated for their injuries. If you or a loved one has been injured by Phillip Carey, it is important that you contact The Gori Law Firm immediately for more information on your rights.

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