The WRG Asbestos PI Trust provides for the resolution of Asbestos PI Claims as defined in the First Amended Joint Plan of Reorganization. The purpose of the PI Trust is to assume all liabilities and responsibility for all PI Trust Claims and among other things to direct the processing, liquidation and payment of all PI Trust Claims in accordance with the Plan, the Trust Distribution Procedure (“TDP”), and the Confirmation Order.
The Trustees of the PI Trust (the “Trustees”) shall implement and administer the TDP in accordance with the PI Trust Agreement. It is designed to provide fair, equitable and substantially similar treatment for all PI Trust Claims that may presently exist or may arise in the future.