Plaintiffs Move to Terminate UNR Asbestos Claims Trust

CHICAGO - Plaintiffs' counsel in Ohio have moved to terminate an asbestos bankruptcy trust claiming it no longer exists for the benefit of personal injury claimants. In Re: UNR Industries, Inc., No. 82 B 9841-9845 (N.D. Ill., Bankr.).

The motion, filed Jan. 30 in the U.S. Bankruptcy Court for the Northern District of Illinois, says instead that the trust has operated over the past year for the sole pecuniary benefit of UNR Trustees, administrative personnel, lawyers and consultants.

According to the motion, the UNR trust has made it impossible for claimants with non-malignant claims to be compensated, noting that the …