Cl $ Filing Bar Date Set (NAPS)—A Court ordered notice and claims process has begun in the Babcock & Wilcox Chapter 11 reorganization leading to a “bar date” deadline for receipt of asbestos-related and other claims. To preserve a claim against B&W, claimants mustfile their claim to be received by July 30, 2001. Those who do not file a claim by the Bar Date will lose the right to bring such a claim against B&W inthe future. Filing a claim does not necessarily entitle claimants to compensation. The amounts and dates when payments will be issued pursuant to these valid claims have not been determined. Certain persons, who previously settled claims with B&W but have not yet been paid, muststill file claims, and they are dueearlier. Prior to the Bar Date, notices will be mailed to potential claimants and attorneys, and are scheduled to appear in newspa- pers, magazines and on television throughout the United States. Notices will also be disseminated in Canada, the United Kingdom and the Philippines. Information about the claims process will also Ifyou currently suffer from asbestos-related injury and you workedat sites with commercial boilers, you must act nowto pre- serve your rights. The bar date to file claims is July 30, 2001. marine boiler systems. Govern- ment regulations have required low exposure thresholds for asbestos since the early 1970’s. Claimants affected by the Bar Date are those (including family or heirs) who have claims against B&W relating to asbestos expo- sure from a worksite, including ships, that had a B&W boiler system, or involving other B&W asbestos-related components. The Chapter 11 filing by The be made available through the Internet. Babcock & Wilcox Company includes its subsidiaries Americon, 877-657-9158, write to Claims tion Company, Inc., and Diamond Claimants maycall toll free 1- Agent, Re: Babcock & Wilcox, P.O. Box 9495, Minneapolis, MN 55440-9495, or visit the Web site at www.bwbardate.com to receive more information including a long form notice and claim form. On February 22, 2000, B&W filed for protection under Chapter 11 of the U.S. Bankruptcy Code. As part of the reorganization process, B&W must alert those who have current Asbestos Personal Injury Claims, as well as Derivative Asbestos Claims or Asbestos Prop- erty Damage Claims that these Inc., Babcock & Wilcox Construc- Power International, Inc. Because this is a voluntary Chapter 11 fil- ing and B&W remains solvent, there is no Bar Date against unsecured creditors whose claims do not relate to asbestos issuesorcertain nuclear contamination issues. Accordingly, commercial creditors and suppliers need take noaction. Also, all employee wages, salaries, benefits and retiree benefits are unaffected and protected. The Bar Date also applies to nuclear contamination and radiation related claims in connection claims must be filed by the Bar Date. Generally, future claims for with the former nuclear fuel pro- manifested as of the Bar Date are Pennsylvania. Complete descrip- injuries that are not currently cessing facilities located in Apollo, Pennsylvania and Parks Township, not involved and need notbefiled. B&W purchased asbestos from tions of the claims subject to the Bar Date including more details manufacturers and the material was used many years ago as insulation to protect people and equipment from high temperatures inside industrial, utility and about the claims process may be found in the long form notice and claim form that is available at the www.bwhbardate.com Website or by calling 1-877-657-9158.
