The Porter Hayden Company was a insulation manufacturing company based out of Baltimore, Maryland. For numerous years, the company created asbestos-related products that left a multitude of people with life-threatening diseases. As mesothelioma lawsuits and other asbestos-related claims began pouring in, Porter Hayden eventually went out of business after filing for bankruptcy protection to help cover the escalating asbestos cases.
With more than $30 billion currently set aside in trust funds, you may qualify for substantial compensation if you’ve been diagnosed with mesothelioma, asbestosis, or asbestos-related lung cancer. Fill out our form to receive our free Financial Compensation Packet. Our packet is loaded with information on leading mesothelioma attorneys in your area, how to file a claim for asbestos trust funds, how to get paid in 90 days, and more.
Porter Hayden History
Founded in 1966, Porter Hayden started after a merger between Reid Hayden Inc. and H.W. Porter & Co. Inc. The two combined businesses manufactured, sold, and installed insulation in a plethora of industrial and commercial business throughout the numerous decades.
According to a memorandum provided by the Porter Hayden Asbestos Trust Fund, the company primarily did business with:
- Electrical, plumbing, and welding companies
- Residential sites
- Retail sites
- Low-rise apartment buildings
As with many insulation manufacturers and distributors in the past, Porter Hayden used asbestos in its products because the mineral is resistant to high heat, was affordable, and could easily be mixed into other materials. This continued throughout the 1970s, when the Environmental Protection Agency (EPA) placed strict regulations on asbestos use. By then, however, thousands of workers had already been injured from asbestos exposure.
As a string of lawsuits began piling against Porter Hayden, the company filed for bankruptcy.
Porter Hayden Asbestos Lawsuits and Trust Fund
By 2005, more than 60,000 asbestos-related lawsuits had been filed against Porter Hayden, leading to Chapter 11 bankruptcy.
Within two years, however, the company emerged from bankruptcy and reorganized. Part of the reorganization plan included creating an asbestos trust fund to compensate pending and future cases. The Porter Hayden Asbestos Trust Fund, also know as the Porter Hayden Bodily Injury Trust, was subsequently created, and started accepting claims in 2007.
According to its official site, the asbestos trust fund “was organized to process, liquidate, and pay all valid asbestos personal injury claims for which Porter Hayden Company has legal responsibility.”
The trust was initially funded with $40 million and is still accepting asbestos-related from those who were affected because of Porter Hayden’s products. A list of approved job sites where Porter Hayden delivered asbestos-containing products can be found on the official website. For more information on how to locate approved job sites or any asbestos-related questions in general, call our toll free number at 800-694-4856.
States and Occupations Affected By Porter Hayden
The following Mid-Atlantic states were associated with Porter Hayden’s products. The company installed asbestos-containing products at numerous businesses in the following states:
It’s important to note that because Porter Hayden acted as a distributor of products containing asbestos, the company was still considered responsible for any diseases and illnesses that occurred due to exposure to the delivered products. For example, the company is liable for their own employees who manufactured the asbestos insulation, but it is also responsible for workers in a multitude of businesses who worker around the products, which primarily has included:
- Insulation installers
- Insulation repairers
- Construction workers
Any worker who came into contact with Porter Hayden’s products were at risk of inhaling thin, odorless asbestos fibers. When worker repaired or installed the asbestos-containing insulation, they were in close
Porter Hayden Today
After filing for bankruptcy and reorganizing, Porter Hayden closed its manufacturing and sales doors. Today, although the company is no longer open for business, it still handles asbestos-related claims.
Additional Information and Resources
Remember, if you’ve been diagnosed with an asbestos-related illness, there is a good chance you’ll qualify for considerable compensation. Remember to fill out our from to get your free Financial Compensation Packet, with information on asbestos and mesothelioma lawyers in your area.