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Pittsburgh Corning Trust
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== Key Facts Box: Pittsburgh Corning Trust Essential Information == {| class="wikitable" style="width:100%; border-collapse:collapse; margin:1em 0;" |- ! style="background:#1a5276; color:white; padding:12px; text-align:left;" colspan="2" | Critical Trust Fund Statistics |- | style="padding:10px; background:#f8f9fa; width:50%; border-bottom:1px solid #dee2e6;" | '''Trust Established''' | style="padding:10px; border-bottom:1px solid #dee2e6;" | April 2016 (after 16+ years in bankruptcy) |- | style="padding:10px; background:#ffffff; border-bottom:1px solid #dee2e6;" | '''Initial Funding''' | style="padding:10px; background:#ffffff; border-bottom:1px solid #dee2e6;" | Approximately $3.5 billion from PPG, Corning, and insurers |- | style="padding:10px; background:#f8f9fa; border-bottom:1px solid #dee2e6;" | '''Total Paid to Date''' | style="padding:10px; border-bottom:1px solid #dee2e6;" | Over $3.14 billion to asbestos victims |- | style="padding:10px; background:#ffffff; border-bottom:1px solid #dee2e6;" | '''Current Assets''' | style="padding:10px; background:#ffffff; border-bottom:1px solid #dee2e6;" | $1.114 billion remaining |- | style="padding:10px; background:#f8f9fa; border-bottom:1px solid #dee2e6;" | '''Claims Filed Pre-Bankruptcy''' | style="padding:10px; border-bottom:1px solid #dee2e6;" | Over 400,000 lawsuits (200,000 settled before filing) |- | style="padding:10px; background:#ffffff; border-bottom:1px solid #dee2e6;" | '''Current Payment Percentage''' | style="padding:10px; background:#ffffff; border-bottom:1px solid #dee2e6;" | 19-20% of scheduled values |- | style="padding:10px; background:#f8f9fa; border-bottom:1px solid #dee2e6;" | '''Mesothelioma Scheduled Value''' | style="padding:10px; border-bottom:1px solid #dee2e6;" | $250,000 (actual payout: ~$50,000) |- | style="padding:10px; background:#ffffff; border-bottom:1px solid #dee2e6;" | '''Company Bankruptcy Filed''' | style="padding:10px; background:#ffffff; border-bottom:1px solid #dee2e6;" | April 2000 |- | style="padding:10px; background:#f8f9fa; border-bottom:1px solid #dee2e6;" | '''Bankruptcy Duration''' | style="padding:10px; border-bottom:1px solid #dee2e6;" | 16+ years (one of longest Chapter 11 cases in U.S. history) |- | style="padding:10px; background:#ffffff; border-bottom:1px solid #dee2e6;" | '''High-Risk Occupations''' | style="padding:10px; background:#ffffff; border-bottom:1px solid #dee2e6;" | Nearly 2,000 professions recognized |- | style="padding:10px; background:#f8f9fa;" | '''Trust Administrator''' | style="padding:10px;" | Delaware Claims Processing Facility (DCPF) |}
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