the settlement:
The Manville Class Action Settlement paid out a flat amount to plaintiffs based upon the size and type of roof installed on their facility. Typically the amounts were far less than those paid in the Beazer settlements.
requirements:
While the intent of the funds distributed in the settlement are to correct deficiencies caused by PFRI, it is not a condition in receiving settlement funding. Because of this, thousands of building owners accepted settlements without putting any contingency to manage the risks associated with "living with PFRI".
challenges:
The greatest challenge with the Manville PFRI Settlement is that it has allowed Manville to be relieved of any liability in the event that there is a sturctural failure on one of their installations. The burden of liability now falls squarely on the owner whom has knowledge of potentially life-threatening conditions on a property under their care. For owner's whom signed a release to receive a cash settlement the liability level increases further because they were given funds designated by the courts as funding to correct the deficiencies and they chose not to perform those repairs.
solutions:
PhenCon's approach to anyone whom chooses to try to live with PFRI is simple. Understand the risks and manage them responsibly. We have put together programs that allow you to continually measure the level of damage your facility is receiving while at the same time having a clear understanding of the liabilities you face in the event of a failure. These, coupled with proactive strategy programs insure that your choice to defer corrective action on your roof does not end in disaster.
