The Babcock, Wilcox & Company (B&W) is a leading manufacturer of products that include oil power and nuclear power generation. Prior to the Environmental Protection Agency’s (EPA) strict regulations on asbestos use, the company used the life-threatening set of minerals in a variety of products.
Consequently, many workers became seriously ill, and in turn filed mesothelioma lawsuits against the company, forcing B&W to file for bankruptcy and set up an asbestos trust fund.
If you or a loved one were diagnosed with mesothelioma, asbestos-related lung cancer, or asbestosis, you may be entitled to substantial compensation. We invite you to fill out our form today for a free Financial Compensation Packet, filled with information about top mesothelioma lawyers in your area, how to get paid in 90 days, how to file an asbestos trust fund claim, and much more.
History of B&W
B&W was founded in 1867 as a water-tube boiler manufacturer. Within a little over 10 years, the company installed its first utility boiler, and by 1902, began manufacturing boilers that helped power the first subway built in New York City.
Shortly after, B&W began manufacturing boilers for projects funded by the U.S. government, including a fleet of Navy battleships. In addition, B&W manufactured nuclear submarine components, fabricated components, and a coal-fired broiler for Nimitz airline carriers.
Although the company didn’t manufacture asbestos, the dangerous minerals were used in their boilers. Quite a few of the workers who built and/or repaired the boilers developed deadly diseases, including malignant mesothelioma and asbestos-related lung cancer. As a result, over 300,000 lawsuits were filed against the company.
B&W Lawsuits and Asbestos Trust Fund
B&W’s first asbestos-related lawsuit began in 1982. By the year 2000, asbestos claims had risen to 340,000. With the costs of settlement and trial awards and court-related costs, B&W paid out a total of $1.6 billion.
Yet, there were still over 45,000 claims against them, which forced B&W into Chapter 11 bankruptcy in 2006. After the asbestos trust fund was set up, B&W paid out millions in compensation to workers who were affected by working around asbestos in the company’s boilers.
Prior to setting up their asbestos trust fund, a lawsuit in 1996 resulted in a victim’s family winning over a million in a settlement.
According to court documents, Martin McPadden was a fireman striker who worked the Navy and handled various products that contained asbestos, including the boilers manufactured by B&W. He passed away after a battle with malignant mesothelioma, but his loved ones pursued justice on his behalf.
B&W, along with several others companies named in the lawsuit, settled with the family for a little over $1.6 million.
Occupations Affected By B&W
Since B&W boilers were used in a variety of settings, numerous types of workers were exposed to asbestos and affected. The following are among just the few of over 2,000 occupations that were affected by asbestos via B&W products:
- Vessel builders
- Vessel repairers
- Maintenance workers
- Submarine workers
Products containing asbestos in B&W products include:
- Decking boards
- Asbestos blocks
- Heat seals
B&W emerged from bankruptcy and is still in business today. They no longer use asbestos in any products, and remain headquartered in Charlotte, North Carolina. Currently, the company works with the research and development of alternative energy sources, as well as with several departments of the United States Department of Energy National Laboratories.
Resources for Asbestos Victims
Don’t forget to fill out our form to get our free Financial Compensation Packet, filled with information on the leading asbestos and mesothelioma attorneys in your area. For additional assistance or questions, contact us toll-free at 800-793-4540.