Fw: Dow Corning Corp Aussie $38 Mln Payout Trust Approved

May 22, 2001

From: " ilena rose " <ilena@...>

Sent: Monday, May 21, 2001 4:26 PM

Subject: Dow Corning Corp Aussie $38 Mln Payout Trust Approved

> ~~~ thanks Eileen ~~~

>

> EXCERPT: " American women may have to wait up to 15 years to see any

> compensation because of ongoing appeals in the U.S. courts. "

>

> Dow Corning Corp A$38 Mln Payout Trust Approved, Paper Says

(Bloomberg) --

> Dow Corning Corp., which is owned by Dow Chemical Co. and Corning Inc.,

> will pay A$38.4 million ($20 million) into a trust to compensate women

who

> suffered ruptured silicone breast implants, the Sydney Morning Herald

> reported. The trust will compensate more than 3,100 Australian women

> with faulty breast implants, who will receive a payment of as much as

> A$50,000 each after a 10-year legal battle, the newspaper said. The

> Michigan-based maker of silicone-based products, which has operated under

> Chapter 11 of the bankruptcy laws since 1995, agreed to the compensation

> accord three years ago, though payment was delayed as the company

> restructured its finances to raise the necessary funds, the newspaper

> said. American women may have to wait up to 15 years to see any

> compensation because of ongoing appeals in the U.S. courts. Women also

have

> taken implant makers Atlanta's Baxter International Inc., St. -based

> Minnesota Mining & Manufacturing Co. and Bristol-Myers Squibb of New York

> to court seeking compensation for their injuries. (Sydney Morning

> Herald 5-22 P.1) 05/21/2001 17... Eileen

>

>

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