Earlier this year, at least four asbestos bankruptcy trusts including WR Grace, Babcock & Wilcox, Pittsburgh Corning and Owens Corning, issued notices regarding their intent to destroy data and documents submitted by claimants that have qualified for payment.
Pursuant to these proposed record retention policies, the trusts plan to begin the destruction of data and documents in for resolved claims that (1) were issued payment more than one year ago, or (2) were withdrawn more than one year ago. Copies of these records will remain …
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