Federal Mogul Corp.
The Federal Mogul Corporation is a global company involved in the manufacture of products and the creation of business solutions to a wide array of industries. Federal Mogul has 160 separate subsidiary companies that make up its international corporate family.
This company traces its origins to 1899 when two men, J. Howard Muzzy and Edward F. Lyon, formed the Muzzy-Lyon Company to produce rubber based and mill related products. Soon to follow was a subsidiary known as the Mogul Metal Company which produced a new type of metal ball bearings that would soon become the industry standard. By 1903, the Muzzy-Lyon Company was incorporated and a board of directors was chosen to run the company. Under their guidance, a merger was completed with the Federal-Bearing and Bushing Company, and the Federal-Mogul Corporation name became official. Over the next several decades the company continued to grow and invest in diverse strategies. They produced an ever increasing line of industrial products and serviced a growing number of industries. Unfortunately, some of the new subsidiaries, including a rubber gasket manufacturing facility known as T&N, utilized asbestos in their products.
Asbestos was commonly used to build items that were placed in homes, businesses and industrial settings. It was an important ingredient for products such as gaskets that were used on equipment that generated massive amounts of heat. The asbestos would hold together even under the advanced temperatures, but over time these products would break apart. This allowed tiny particles of asbestos to permeate the air, where they could be inhaled by employees or customers. The particles would remain in their respiratory systems, and often cause extensive damage or lead to lung cancer and Mesothelioma, which is sometimes fatal.
Mesothelioma is a disease for which there is no known cure. There is also a fairly long latency period associated with this cancer which results in a typically short life expectancy for those diagnosed. Mesothelioma affects both women and men and those who have been exposed to asbestos and have a history of smoking are more at risk for developing the disease. Our mesothelioma resources section provides additional helpful links. Luckily there are quality mesothelioma clinics that offer different types of mesothelioma treatment including immunotherapy, pneumonectomy and pleurocentesis as well as drug therapy using Alimta®, Onconase and Navelbine. Refer to our mesothelioma treatment guide for more specific information.
When a few of the products that fell under the Federal Mogul name were found to be the cause of illnesses, lawsuits were soon leveled against the corporation. Thousands of claims were sent in requesting monetary compensation, even though the company had purchased the primary offending company (T&N) in 1998, years after they had stopped using asbestos. However, since Federal Mogul now owned T&N, as well as the Wagner Electric Corporation (later changed to Moog Automotive), Felt Products Manufacturing Co. and all existing subsidiaries, they were found to be responsible for all of the asbestos related lawsuits against these companies. Over time Federal Mogul was faced with 365,000 claims from people who had become ill or lost a loved one.
By 2001, the Federal Mogul Corporation filed for bankruptcy as a result of the continually growing number of asbestos related lawsuits. This process continues to be an ongoing one, and in 2007 the company requested its fourth amended plan to restructure the company. Their fourth amendment worked and was approved by all the parties involved in the case. As of November 2007, a reorganization plan was put into effect which included the establishment of a trust fund that would examine all asbestos claims and pay off those that were considered to be valid.