Article: 'Affordable' USG asbestos plan: Complex plan wins support of victim groups; awaits OK

Article: USG Agreement Exposes Multi-Billion Dollar Windfall From ...
PR Newswire;  January 30, 2006 ;     700+ words ... ... passes, with its trust fund, "the Contingent ... cancelled" and "USG's payments for ... into the national trust fund." The agreement would protect USG from all current ... authorizes to finance the trust fund mandated by the bill. (1) Source: USG Press Release 1 ...

Article: New look for USG: Wallboard-manufacturing giant says it's ...
Chicago Sun-Times;  May 11, 2006 ;     700+ words ... ... by exposure to asbestos in USG's plasters and joint compounds. In the plan, USG would set up its own trust fund to pay people sickened by ... Congress will create the trust fund, meaning that USG likely will pay out $3 ...

Article: Hedge fund buys 6.6% stake in USG
Chicago Sun-Times;  December 29, 2004 ;     624 words ... ... Congress will set up a trust fund to resolve claims by ... construction work. USG is among more than a ... to set up an asbestos trust fund went nowhere in the last session. USG's share of the asbestos trust fund envisioned in that bill ...

Article: With Buffett's backing, USG details plan to escape ...
Chicago Sun-Times;  February 21, 2006 ;     513 words ... ... own asbestos fund at a cost of $3.95 billion. If Congress creates a federal trust fund in its current session, USG would pay $900 million. The USG trust fund would cover people who claim to have been exposed to asbestos at USG, its subsidiaries ...

Article: Housing hammers USG: Slowing home-building market takes ...
Chicago Sun-Times;  January 30, 2007 ;     700+ words ... ... 3.1 billion into a trust fund to cover health claims ... asbestos manufacturing. Yet USG's latest profit result ... said. In addition, USG will benefit from a tax ... related to its asbestos trust fund, which USG will use to repay debt ...

Article: Asbestos bill could help USG come out of Chapt. 11 strong
Chicago Sun-Times;  May 21, 2003 ;     611 words ... ... built up a $769 million cash reserve. USG's share of the asbestos trust fund envisioned in the bill would total $938 ... cash reserve until it equals the amount USG would owe the trust fund. USG generates earnings before interest taxes ...

Article: USG Corporation Reaches Agreement to Resolve Asbestos ...
PR Newswire;  January 30, 2006 ;     700+ words ... ... asbestos personal injury trust fund, such as the FAIR Act ... as currently drafted, USG's payments for personal ... million, an amount that USG believes is approximately ... to pay into the national trust fund. The terms of the agreement ...