Quick Facts About Bondex International Trust Fund and Lawsuits
  • wavy circle icon with check mark inside
    Founded:
    1959
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    Years Operated:
    1959 - present (operates as a subsidiary of RPM Inc.)
  • gray building icon
    Headquarters:
    St. Louis, Missouri
  • businessman icon standing next to a globe
    Business:
    Manufacturing of building materials
  • icon of a building with a dollar sign on it
    Asbestos Trust:
    Yes (established in 2016)
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    Bankruptcy Status:
    Filed in 2010

The Bondex Asbestos Trust

Joint compound with asbestos in it.
Joint compound such as the one pictured here once contained asbestos.

RPM Inc. established the Bondex asbestos trust in 2016 after facing thousands of asbestos claims. Until 2003, RPM managed most claims through insurance, but growing costs forced the company to file for Chapter 11 bankruptcy in 2010. The trust was created as part of the bankruptcy plan to compensate current and future claimants exposed to Bondex asbestos products, releasing RPM from further liability.

Bondex Asbestos Trust Fund Updates

  1. The current payment percentage for the Bondex Trust is 29.5%.
  2. Mesothelioma has a scheduled value of $80,000.
  3. Lung cancer has a scheduled value of $33,333.
  4. Other cancers have a scheduled value of $6,667.

The Bondex Trust was established with $797.5 million to compensate people diagnosed with asbestos-related diseases from exposure to Bondex products. Claimants may choose expedited review for standard, faster payouts or individual review for potentially higher awards, submitting documentation of their diagnosis and exposure during the filing process.

Legal Help for People Exposed to Bondex International Asbestos Products

People exposed to asbestos from Bondex International products can seek legal assistance to file claims with the Bondex asbestos trust or pursue related lawsuits. In California, for example, a law firm helped secure a $15.25 million verdict for the family of a construction worker who died of mesothelioma cancer linked to Bondex joint compound exposure. This case illustrates the importance of experienced attorneys in obtaining compensation. 

Experienced asbestos attorneys assist with claim documentation and navigating trust proceedings to ensure fair settlements for clients facing asbestos-related illnesses. Speak with our Patient Advocates who will connect you and your family with a lawyer who has experience with claims like yours. We can also connect you with resources like support groups, appointments with top mesothelioma doctors and VA-accredited claims agents.

Bondex International Notable Lawsuits 

Most of the asbestos lawsuits filed against RPM Inc. cite Reardon Company’s Bondex products as the cause of exposure. The company paid a total of $1.6 million from 1980 through 1999, but the number of lawsuits began to significantly increase in 2000. From this time until its 2010 bankruptcy proceedings stopped its asbestos liabilities, RPM Inc. paid out millions in damages.

Notable Bondex International Lawsuits

  • $15.25 million: Judgment a California jury awarded in 2006  to the surviving family of a construction worker who died of mesothelioma.
  • $4.5 million: Total damages awarded in the 2010 wrongful death suit of Robert Wagner against several companies, including Bondex. Wagner was a carpenter who died of pleural mesothelioma from using Bondex’s asbestos-containing joint compound.
  • $2.9 million: Judgment awarded to Dr. Saeed Behshid against Bondex Inc. in a 2008 lawsuit. Behshid used Bondex’s asbestos-containing joint compound for home remodeling projects.

The Bondex asbestos trust continues to issue payouts to those with a mesothelioma diagnosis or other eligible diseases connected to exposure to Bondex’s asbestos products. Compensation from asbestos trust funds can help cover medical expenses, travel costs for treatment and lost wages.

Bondex International Products That Contained Asbestos

Bondex International manufactured a variety of asbestos-containing construction products from 1961 to 1977. Known for joint compounds, roofing cement and paints, Bondex supplied materials widely used in both the construction industry and for home repair projects. The brand gained popularity among homeowners and professionals for its durable, heat-resistant products.

In 1966, Republic Powdered Metals or RPM Inc. acquired Reardon Company, Bondex’s parent company and continued to operate Bondex as a subsidiary. RPM also acquired several other asbestos product manufacturers. Despite growing awareness of asbestos dangers, Bondex products remained on the market for many years, exposing workers and consumers to hazardous fibers.

Starting in the 1980s, Bondex faced thousands of asbestos-related lawsuits, which increased significantly in the 2000s. The prolonged use of asbestos in its products exposed numerous workers and consumers to asbestos fibers, leading to tens of thousands of claims and ultimately driving the company to bankruptcy in 2010.

Who Was at Risk of Asbestos Exposure From Bondex International?

Numerous occupations in asbestos products manufacturing, mining and abatement put workers in danger of asbestos exposure. People who worked in jobs that handled raw asbestos materials to create Bondex products were at risk. Others who worked in occupations that used the finished materials were also at risk. Although many companies like Bondex were aware of the dangers of asbestos exposure, they didn’t inform their workers or take necessary safety precautions to protect them.

Higher-Risk Occupations

  • Automotive mechanics
  • Boiler makers and workers
  • Construction workers
  • Insulators
  • Laggers
  • Miners
  • Pipefitters
  • Plumbers
  • Railroad workers
  • Sheet metal workers
  • Shipyard workers
  • Truck drivers
  • Welders

Occupational asbestos exposure is the most frequent cause of mesothelioma and other asbestos-related diseases. However, close family members of workers dealing with Bondex products were also in danger of developing an illness from secondary exposure. 

Workers brought asbestos fibers home on their clothing, skin and hair. Family members became exposed through normal chores such as handling and laundering contaminated clothing or sharing a hug with a loved one covered in asbestos fibers. 

Bondex International Products That Contained Asbestos

Bondex manufactured asbestos-containing products for home DIY projects and contractors through the 1970s. The brand produced popular products from surface preparation and wallpapering to masonry.

Asbestos-Containing Bondex Products

  • All-purpose patcher
  • Interior finish
  • Joint cement
  • Joint compound
  • Plaster of Paris
  • Roofing cement
  • Sealants
  • Texture paint
  • Wood putty

The range of products manufactured for building projects of all sizes were favorites among professionals and homeowners. The prevalence of these products placed many workers, DIY homeowners and their families at risk of asbestos exposure. Despite knowing the harm asbestos causes, Bondex opted to continue using the material. 

In 1977 and 1978, new regulations banned asbestos-containing wall patching compounds and spray-applied surfacing materials from the U.S. market. Bondex requested an extension for its recalled products, claiming the action would cause serious financial problems. 

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