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BREAKING NEWS UPDATE 09/24/07
CONDITIONAL CLAIMANTS ARE NOW
ELIGIBLE TO MAKE CLAIMS FOR EXPLANT, RUPTURE AND EXPEDITED
BENEFITS
A
“Conditional Claimant” also known as a “NOI Claimant” is a
claimant who filed their Notice of Intent form (NOI) or Proof of
Claim form (POC) after November 20, 1999 (which is the date the
bankruptcy court approved the Joint Plan of Reorganization of
Dow Corning) and before August 20, 2004 (the deadline to file an
NOI form).
A
“Conditional Claimant” was also someone who may have filed their
Notice of Intent form before the November 30, 1999 deadline, but
did not file a Proof of Claim form pursuant to Paragraph 10 of
the Confirmation Order.
If you are a
Class 5 claimant and have already received the $5,000 Explant
Benefit, $20,000 Rupture Benefit or $2,000 Expedited Benefit,
then you are not a “Conditional Claimant” and this
information does not apply to you.
Up until now,
Conditional Claimants were only eligible to make a disease
claim, but were not eligible to make an Explant, Rupture or
Expedited Claim. On September 7, 2007, Judge Hood signed an
Order that now will allow Conditional Claimants to become
eligible for Explant, Rupture or Expedited Benefits.
According to
the information posted by the Claimant Advisory Committee, the
maximum amount available to pay all NOI Claimants for Explant
and Rupture claims is $30 million dollars. Based on the data and
analysis that was done by the Independent Assessor and the
report of the Claims Administrator, this amount is estimated to
be sufficient to pay all unmatched NOI claims for Explant and
Rupture in full.
However, there is no guarantee that payments will be made in
full for Rupture claims for NOI Claimants. In the event the $30
million dollars is not enough, then Rupture and Explant claims
by NOI Claimants (but primarily Rupture claims) may be reduced
pro rata. The Claimant Advisory Committee recommends that all
NOI Claimants accept this settlement, taking into account the
benefits and risks.
NEW
DEADLINES FOR EXPLANT AND RUPTURE CLAIMS FOR NOI CLAIMANTS ONLY
NOI Claimants
will have only “ONE YEAR” to submit a claim for Explant and
Rupture benefits. This means that you must have your Dow Corning
breast implants removed and your Explant and Rupture claim forms
sent to the Settlement Facility within the next year to qualify
for these benefits.
Please note
that the deadline for making an Explant Claim for a NOI claimant
is shorter than the Explant Deadline for NON NOI claimants, who
have 10 years from the Effective Date of the Dow Plan in which
to file an Explant Claim. The Explant Assistance Program is also
available to NOI Claimants. This extension of time is only for
NOI Claimants and does not extend the Rupture Deadline of
July 1, 2006 for NON NOI Claimants.
If you are a
Class 5 claimant who is also a “Conditional Claimant” or “NOI
Claimant” and has had a Dow Corning implant removed that was
documented in the Operative Report as being ruptured, and you
have not yet filed a Rupture Claim, you need to do so now before
the deadline. Even if you have already settled your Disease
Claim, you are still eligible to file a Rupture claim within the
above noted deadline.
If you have
any questions regarding your rights as a Conditional or NOI
Claimant, please feel free to contact our office. |