Halliburton filed for bankruptcy in 2003 and established the DII asbestos trust to provide compensation to claimants. The trust holds $2.5 billion in cash and Halliburton Company shares. The current Halliburton asbestos trust claim is paid at 60%.
Written by D. Carl Money | Scientifically Reviewed by Sean Fitzgerald, PG | Edited by Walter Pacheco | Last Update: January 14, 2026
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The Halliburton asbestos trust was officially called the DII Industries LLC Asbestos PI Trust since its creation on Jan. 20, 2005. It was part of the DII Chapter 11 Joint Plan of Reorganization. Halliburton Company is the parent organization of DII Industries.
The DII Industries LLC Asbestos PI Trust pays compensation to eligible claimants. Claimants developed diseases from asbestos exposure linked to Halliburton subsidiaries like Harbison-Walker Refractories Company and Dresser Industries Inc.
DII Industries Asbestos Trust Updates
The Trust Distribution Procedure sets criteria for verify claims. It calculates payment percentages for claimants. Claimants submit forms with medical diagnosis proof and exposure evidence before Dec. 31, 1982. They file by mail or through the Trust Online. The trust reviews claims in 6 months, sends offer letters and payments in 1 to 2 months.
Experienced mesothelioma attorneys guide people diagnosed with mesothelioma or asbestos diseases through DII trust claims. They collect work records, medical proof and exposure details. These lawyers meet trust deadlines and maximize payouts.
Many workers handled products from several companies over their careers. Asbestos attorneys investigate complete job histories. They identify firms that have never gone bankrupt for direct lawsuits. Lawyers also check workers’ compensation options. They balance trust claims with other sources.
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Asbestos lawsuits against Halliburton reached hundreds of thousands by the early 2000s. While these verdicts were a win for claimants and set necessary precedents for future cases, the volume of claims caused Halliburton’s stock to plummet.
The company decided to file for bankruptcy and restructure in an effort to stay in business. It established the DII asbestos trust to halt lawsuits and create a fund to compensate claimants.
Asbestos Litigation Compensation
Claimants who seek compensation from the Halliburton asbestos trust for asbestos-related illnesses should work with an experienced asbestos or mesothelioma lawyer. These attorneys specialize in asbestos claims and can assist in the filing process. They often have access to resources that make it easier to prove claims, resulting in better outcomes for claimants.
The Trust Distribution Procedure establishes criteria to verify claims and calculate the Halliburton asbestos trust payment percentage issued to claimants. The payout amount varies by disease. Currently, expedited review claims pay out at 60%. Individual reviews take longer to process and may result in a claim greater or less than the 60% payment percentage.
The trust requires all claimants submit the claim form along with verification of their medical diagnosis and exposure to qualify. Proof of exposure by DII and other businesses DII is legally responsible for must have happened before Dec. 31, 1982. Claimants can file by mail or use Trust Online to expedite the process. The trust typically reviews claims within 6 months. Once reviewed, the claimant gets an offer letter to sign and return. Payment is generally issued within 1 to 2 months of the trust receiving the signed Allowance Letter and Release.
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Explore Your OptionsHalliburton acquired companies that used asbestos like Harbison-Walker, DII Industries and Kellogg Brown and Root Inc. Legal ownership shifted all asbestos claims to Halliburton. Workers faced high exposure risks during manufacturing and use. Welders, pipefitters and boilermakers encountered the most danger. Insulation workers, manufacturing staff and maintenance crews breathed fibers too.
Family members faced secondary exposure from asbestos fibers on workers’ clothing, skin or hair. Fibers spread during laundry or when handling clothes. Thousands of claims led Halliburton to file Chapter 11 bankruptcy on Dec. 16, 2003. The firm created the DII Industries LLC Asbestos PI Trust for payouts.
Harbison-Walker, established in 1865, manufactured products with asbestos into the 1970s. Dresser Industries Inc., a company that provided a range of services and asbestos products to the oil and gas industries, merged with Harbison-Walker in 1967. Asbestos lawsuits against both these companies began to increase in the 1990s.
In 1998, the combined companies merged with oil pipeline servicing company Halliburton in a $7.7 billion deal. Part of the deal was to obtain help from Halliburton, then run by then-Vice President Dick Cheney, to handle the increasing volume of asbestos lawsuits. The merger initially appeared to be an excellent business move, but the increasingly overwhelming volume of asbestos claims made against Harbison-Walker and Dresser Industries soon underscored Halliburton’s new liabilities.
Halliburton received more than 300,000 claims from Dresser Industries alone. By the early 2000s, the company couldn’t keep up with settlement payouts, so Halliburton filed for bankruptcy and established the trust as part of its restructuring efforts.
Occupational asbestos exposure is responsible for most cases of malignant mesothelioma. Workers who handled asbestos directly were at the highest risk of developing asbestos-related diseases. Any workers whose job duties placed them in areas contaminated by asbestos fibers were also in danger.
Higher Risk Occupations
Asbestos exposure was common across many job duties at Harbison-Walker and Dresser Industries. Although current asbestos regulations limit the use of asbestos and enforce strict safety protocols, new cases of mesothelioma and other asbestos-related diseases continue to emerge in former employees. This is because the latency period of diseases such as mesothelioma is 20 to 60 years after the asbestos exposure occurred.
Companies under DII Industries produced many asbestos-containing products. Workers experienced exposure through handling raw materials, manufacturing products, packing and transporting finished goods.
Asbestos-Containing DII Products
Halliburton itself never manufactured asbestos products, but Harbison-Walker and Dresser Industries did. Halliburton inherited all legal responsibilities for its subsidiaries when the companies merged, making it liable for all past asbestos exposure risks from materials and the work environment.
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Asbestos.com. (2026, February 12). DII Industries Trust Fund and Lawsuits. Retrieved February 16, 2026, from https://www.asbestos.com/companies/dii-industries/
"DII Industries Trust Fund and Lawsuits." Asbestos.com, 12 Feb 2026, https://www.asbestos.com/companies/dii-industries/.
Asbestos.com. "DII Industries Trust Fund and Lawsuits." Last modified February 12, 2026. https://www.asbestos.com/companies/dii-industries/.
An occupational scientist or another expert who specializes in occupational hazards reviewed the content on this page to ensure it meets current scientific standards and accuracy.
Sean Fitzgerald, PG, is a research geologist specializing in asbestos environmental studies.
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