Deficient Claims Policy

Posted 11/22/2010
The Trust can deem a claim withdrawn after the claim has been deficient and remains in a deficient status for six (6) months. Upon written request and for good cause, the Trust may extend this period for an additional six (6) months. After the extended period, the Trust will deem the claim withdrawn.

The initial six month time period will begin to run on December 1, 2010. If your firm has claims in a deficient status, you have until May 31, 2011 to resubmit the claim curing the deficiencies. You may request in writing an additional six month period for good cause, or withdraw the claim. The claim may be withdrawn and then resubmitted with an additional $250 filing fee. If none of these options are chosen, the Trust will deem the claim withdrawn and notify your firm.

According to the Trust Distribution Procedures, the existing statute of limitations for the claim will not be affected by the withdrawal, only its place in the FIFO queue. “A claimant may withdraw a Trust Claim at any time upon written notice to the Trust and file another claim subsequently without affecting the status of the claim for statute of limitations purposes, but any such claim filed after withdrawal shall be given a place in the FIFO Processing Queue based the date of such subsequent filing.” TDP Section 6.3.

Payment Percentage Adjustment to 45%

In November of 2008, the Trustees, with the consent of the TAC and the Futures Representative, (Trust Fiduciaries) temporarily reduced the Payment Percentage from 50 to 40 percent to allow the Trust time to determine whether early, unanticipated claiming patterns were likely to persist and require an adjustment of the Payment Percentage to a level below 50%. The Trust Fiduciaries have completed in depth studies of claiming patterns and have determined that the Payment Percentage should be adjusted to forty-five percent (45%) of the Total Liquidated Value. After necessary updates to the claims processing system and payment procedures have been completed, claims that received forty percent (40%) of the Total Liquidated Value will be paid the additional five percent (5%) in accordance with this change. The Trust is striving to have the payments sent on or before January 31, 2011. The TDP requires periodic review of the Payment Percentage. The Trust Fiduciaries therefore will continue to examine any changes in the volume and composition of claims to determine whether further adjustments should be made.

Verification of Interrogatories by Claimant or Heir

Posted 11/22/2010
At the November 18, 2010 Trustees’ meeting, the Trustees, with the consent of the Futures Representative and the Trust Advisory Committee (Trust Fiduciaries) adopted a new policy regarding verification of interrogatories.

The policy is as follows:

For all claims filed with the Trust on or after December 1, 2010, the interrogatories must be verified by the claimant or heir. Any claim submitted without verified interrogatories will be returned to the firm with a deficiency letter.

Updated Notice Regarding Medicare Reporting

Posted 11/01/2010
This will update the Trust’s notice posted on October 20, 2009, concerning the 2007 Medicare, Medicaid, and SCHIP Extension Act (“Act”) and the required reporting of information to the Centers for Medicare and Medicaid Services (“CMS”) regarding payments made to Medicare recipients.  In February 2010, the Trust received updated guidance from CMS indicating that the Trust is not a reporting entity under the Act.  As a result of the updated guidance, the Trust cancelled its registration as a reporting entity.

NOTICE

Posted 05/07/2010
PLEASE TAKE NOTICE that a hearing on the motion to approve J.T. Thorpe Settlement Trust’s Fourth Annual Report and Accounting is scheduled for Wednesday, June 30, 2010, at 2:00 p.m. before United States Bankruptcy Judge, Sheri Bluebond, in the U.S. Bankruptcy Court for the Central District of California, Los Angeles Division, located at 255 East Temple Street, Courtroom 1475, Los Angeles, California  90012. View 2009 Annual Report

Consumption Guidelines for Wrongful Death Claims

Posted 04/28/2010
The Trust documents allow claims to receive the benefit of up to $200,000 (base case) in economic loss without additional documents.  If a wrongful death claim requests economic loss in excess of the $200,000, the report from the economist must take into consideration the lack of consumption by the deceased.  In determining whether a deduction for consumption is appropriate, any claim which qualifies as a “living” claim under the Claims Valuation Matrix shall not be subject to a consumption deduction.  In cases claiming additional economic loss, it is likely the Trust will request additional back-up documents supporting the economist’s conclusions.

Reminder Concerning Hold Claims Policy

Posted 03/01/2010
As you may recall, the Trust implemented the new hold policy in September 2009.  A notice was sent to the firms and it was posted on the Web site on September 14, 2009.  The policy stated that the Trust can deem a claim withdrawn after the claim has been placed on hold and remains in the hold status for over six (6) months. The initial six month time period began running on October 1, 2009, so if your firm had claims on hold as of October 1, 2009, and those claims have remained on hold since that date, you have until April 30, 2010 to resubmit the claim with a complete claim packet (claim form and supporting documents). The Trust will not extend the time period without show of good cause.  The claim may be withdrawn and then resubmitted with an additional $250 filing fee.  If none of these options are chosen, the Trust will deem the claim withdrawn and notify your firm.

Modifications Approved

Posted 02/24/2010
Modifications to the J.T. Thorpe Ship List were approved at the February 18, 2010 Trustees’ meeting. The modifications are listed below and a new ship list has been posted on the Trust Web site. Please review the current ship list, which includes a modification column for reference purposes.

Ship Name Start Date End Date Exposure Modification  Date
AGUILA ARVE-135 10/1/1963 10/31/1963 Standard Added Ship and Date 2/18/2010
AJAX AR-6 1/1/1943 1/31/1943 Standard Added Ship and Date
NOTE: only the year was provided; no month
2/18/2010
ALAN SEEGER 1943 3/1/1947 3/31/1947 Standard Added Date 2/18/2010
ANTIGUA 1931 7/1/1945 7/31/1945 Standard Added Date 2/18/2010
APACHE ATF-67 8/1/1967 8/31/1967 Standard Added Ship and Date 2/18/2010
ARISTIDIS 1943 11/1/1955 11/30/1955 Standard Added Ship and Date 2/18/2010
ARITAS 5/1/1958 5/31/1958 Standard Added Ship and Date 2/18/2010
BENNETT DD-473 5/1/1955 5/31/1955 Standard Added Ship and Date 2/18/2010
BRACKEN APA-64 4/1/1945 4/30/1945 Standard Added Date 2/18/2010
BRAZIL VICTORY 1944 7/1/1967 7/31/1967 Standard Added Ship and Date 2/18/2010
CALIFORNIA BEAR 1954 12/1/1967 12/31/1967 Standard Added Date 2/18/2010
CALIFORNIA BEAR 1954 3/1/1968 3/31/1968 Standard Added Date 2/18/2010
CANADA BEAR 1945 1/1/1967 1/31/1967 Standard Added Date 2/18/2010
CANADA MAIL 1944 9/1/1959 9/30/1959 Standard Added Date 2/18/2010
CECIL G. SELLERS 1944 7/1/1945 7/31/1945 Standard Added Ship and Date 2/18/2010
CHARLES S. JONES 1941 5/1/1947 5/31/1947 Standard Added Date 2/18/2010
CHINA BEAR 1962 3/1/1967 3/31/1967 Standard Added Date 2/18/2010
CHINA BEAR 1962 7/1/1967 7/31/1967 Standard Added Date 2/18/2010
CHINA BEAR 1962 6/1/1970 6/30/1970 Standard Added Date 2/18/2010
CLEARWATER VICTORY 1945 3/1/1967 3/31/1967 Standard Added Ship and Date 2/18/2010
COHOCTON AO-101; T-AO-101 3/1/1955 5/1/1955 Standard Added Ship and Date Range 2/18/2010
COMPETENT AM-316 12/1/1954 12/31/1954 Standard Added Ship and Date 2/18/2010
CONNER DD-582 11/1/1955 11/30/1955 Standard Added Ship and Date 2/18/2010
DAVID W. TAYLOR DD-551 1/1/1952 1/31/1952 Standard Added Ship and Date 2/18/2010
ELLIOT DD-146; DMS-4; AG-104 8/1/1945 8/31/1945 Standard Added Ship and Date 2/18/2010
EPPING FOREST LSD-4 10/1/1958 10/31/1958 Standard Added Ship and Date 2/18/2010
GOSS DE-444 12/1/1954 12/31/1954 Standard Added Date 2/18/2010
GUEST DD-472 9/1/1955 11/1/1955 Standard Added Ship and Date Range 2/18/2010
HAMPTON APA-115 11/1/1944 11/30/1944 Standard Added Ship and Date 2/18/2010
HARRY LEE APA-10; AP-17 3/1/1944 10/1/1944 Standard Added Date Range 2/18/2010
HEATHER WAGL-331; WLB-331 12/1/1958 12/31/1958 Standard Added Ship and Date 2/18/2010
HECTOR AR-7 1/1/1943 1/31/1943 Standard Added Date
NOTE: only the year was provided; no month
2/18/2010
HONGKONG BEAR 1952 1/1/1967 1/31/1967 Standard Added Date 2/18/2010
HONGKONG BEAR 1952 3/1/1967 3/31/1967 Standard Added Date 2/18/2010
HONGKONG BEAR 1952 9/1/1968 9/30/1968 Standard Added Date 2/18/2010
HONGKONG BEAR 1952 12/1/1965 12/31/1965 Standard Added Date 2/18/2010
JASON ARH-1; AR-8 2/1/1943 02/31/1943 Standard Added Date
NOTE: only the year was provided; no month
2/18/2010
JOSEPH A. HOLMES 1943 11/1/1944 11/30/1944 Standard Added Date 2/18/2010
KASKASKIA AO-27 1/1/1943 1/31/1943 Standard Added Date
NOTE: only the year was provided; no month
2/18/2010
KENNEBEC AO-36 5/1/1954 5/31/1954 Standard Added Ship and Date 2/18/2010
KINZER DE-232; APD-91 8/1/1945 8/31/1945 Standard Added Date 2/18/2010
KLAMATH FALLS 1943 3/1/1944 10/1/1944 Standard Added Date Range 2/18/2010
KLONDIKE AD-22; AR-22 3/1/1944 10/1/1944 Standard Added Date Range 2/18/2010
KNAPP DD-643 2/1/1945 2/28/1945 Standard Added Ship and Date 2/18/2010
KOREAN BEAR 1955 8/1/1955 8/31/1955 Standard Added Date 2/18/2010
L.P. SAINT CLAIR 1939 10/1/1946 10/31/1946 Standard Added Date 2/18/2010
L.P. SAINT CLAIR 1939 10/1/1947 10/31/1947 Standard Added Date 2/18/2010
L.P. SAINT CLAIR 1939 5/1/1948 5/31/1948 Standard Added Date 2/18/2010
L.P. SAINT CLAIR 1939 5/1/1950 5/31/1950 Standard Added Date 2/18/2010
L.P. SAINT CLAIR 1939 10/1/1951 10/31/1951 Standard Added Date 2/18/2010
L.P. SAINT CLAIR 1939 5/1/1954 5/31/1954 Standard Added Date 2/18/2010
L.P. SAINT CLAIR 1939 9/1/1954 9/30/1954 Standard Added Date 2/18/2010
L.P. SAINT CLAIR 1939 9/1/1959 9/30/1959 Standard Added Date 2/18/2010
L.P. SAINT CLAIR 1939 10/1/1945 10/31/1945 Standard Added Date 2/18/2010
L.P. SAINT CLAIR 1939 5/1/1949 5/31/1949 Standard Added Date 2/18/2010
L.P. SAINT CLAIR 1939 12/1/1950 12/31/1950 Standard Added Date 2/18/2010
L.P. SAINT CLAIR 1939 5/1/1955 5/31/1955 Standard Added Date 2/18/2010
LCT (6)-1283; YFU-37 2/1/1963 2/28/1963 Standard Added Ship and Date 2/18/2010
LCT-562; YSU-4 3/1/1961 3/31/1961 Standard Added Ship and Date 2/18/2010
LCT-592; YFU-5 10/1/1962 10/31/1962 Standard Added Ship and Date 2/18/2010
LCT-686; YFU-12 8/1/1961 8/31/1961 Standard Added Ship and Date 2/18/2010
LEARY DD-879; DDR-879 4/1/1956 4/30/1956 Standard Added Ship and Date 2/18/2010
LELAND E. THOMAS DE-420 6/1/1954 6/30/1954 Standard Added Date 2/18/2010
LESLIE LB KNOX DE-580 4/1/1954 4/30/1954 Standard Added Ship and Date 2/18/2010
LINFIELD VICTORY 1945 6/1/1967 6/30/1967 Standard Added Ship and Date 2/18/2010
LOMPOC 1945 1/1/1954 1/31/1954 Standard Added Date 2/18/2010
LONGVIEW VICTORY 1945 2/1/1967 2/28/1967 Standard Added Ship and Date 2/18/2010
LUMBERLADY 1919 12/1/1949 12/31/1949 Standard Added Date 2/18/2010
MANNING DE-199 3/1/1955 3/31/1955 Standard Added Ship and Date 2/18/2010
MARSHFIELD VICTORY 1944 3/1/1944 10/1/1944 Standard Added Date Range 2/18/2010
MARVEN 1944 6/1/1953 6/30/1953 Standard Added Ship and Date 2/18/2010
MARY BALL 1943 3/1/1944 10/1/1944 Standard Added Date Range 2/18/2010
MERCY AH-8 1/1/1943 1/31/1943 Standard Added Date
NOTE: only the year was provided; no month
2/18/2010
MERCY AH-8 3/1/1944 10/1/1944 Standard Added Date Range 2/18/2010
MISSION SAN DIEGO 1944 4/1/1945 4/30/1945 Standard Added Date 2/18/2010
MORMACDOVE 1944 12/1/1966 12/31/1966 Standard Added Date 2/18/2010
NAESS SATURN 1956 11/1/1967 11/30/1967 Standard Added Date 2/18/2010
NEW LONDON 1943 1/1/1944 3/1/1944 Standard Added Date Range 2/18/2010
OCEAN CARRIER 1943 11/1/1964 11/30/1964 Standard Added Date 2/18/2010
OLYMPIC GAMES 1948 10/1/1956 10/31/1956 Standard Added Ship and Date 2/18/2010
OREGON BEAR 1952 1/1/1968 1/31/1968 Standard Added Date 2/18/2010
ORION COMET 1953 8/1/1957 8/31/1957 Standard Added Date 2/18/2010
PAMANSET 1943 10/1/1954 10/31/1954 Standard Added Ship and Date 2/18/2010
PASIG AO-91; AW-3 3/1/1951 3/31/1951 Standard Added Date 2/18/2010
PAUL M. GREGG 1941 1/1/1943 1/31/1943 Standard Added Date
NOTE: only the year was provided; no month
2/18/2010
PHILIPPINE BEAR 1962 6/1/1967 6/30/1967 Standard Added Date 2/18/2010
PHILIPPINE BEAR 1962 10/1/1968 10/31/1968 Standard Added Date 2/18/2010
PHILIPPINE TRANSPORT 1944 2/1/1952 2/28/1952 Standard Added Date 2/18/2010
PLUMAS COUNTY LST-1083 7/1/1958 7/31/1958 Standard Added Date 2/18/2010
PONTCHARTRAIN WGB-70; WHEC-70 3/1/1961 3/31/1961 Standard Added Date 2/18/2010
PRESIDENT HARDING 1945 11/1/1964 11/30/1964 Standard Added Date 2/18/2010
PRESIDENT MCKINLEY 1946 3/1/1968 3/31/1968 Standard Added Date 2/18/2010
R.C. STONER 1943 3/1/1944 10/1/1944 Standard Added Date Range 2/18/2010
RAPHAEL SEMMES 1942 5/1/1951 5/31/1951 Standard Added Ship and Date 2/18/2010
REDNOUR APD-102; DE-592 8/1/1945 8/31/1945 Standard Added Ship and Date 2/18/2010
ROBERT H. SMITH DD-735; DM-23; MMD-23 11/1/1954 11/30/1954 Standard Added Ship and Date 2/18/2010
SAUGATUCK AO-75; T-AOT-75 4/1/1945 4/30/1945 Standard Added Date 2/18/2010
SEAMAR 1944 4/1/1951 4/30/1951 Standard Added Ship and Date 2/18/2010
SEAMAR 1944 6/1/1959 9/1/1959 Standard Added Ship and Date Range 2/18/2010
SEATRAIN SAVANNAH 1932 1/1/1967 1/31/1967 Standard Added Ship and Date 2/18/2010
SEATRAIN SAVANNAH 1932 4/1/1968 4/30/1968 Standard Added Ship and Date 2/18/2010
SHELBY APA-105 8/1/1945 8/31/1945 Standard Added Ship and Date 2/18/2010
STANVAC HONG KONG 1944 2/1/1949 02/31/1949 Standard Added Date 2/18/2010
STEEL CHEMIST 1943 5/1/1949 5/31/1949 Standard Added Date 2/18/2010
TALISSE 1930 10/1/1944 10/31/1944 Standard Added Date 2/18/2010
TALUGA AO-62; T-AO-62 3/1/1955 5/1/1955 Standard Added Date Range 2/18/2010
THETIS 1959 9/1/1961 9/30/1961 Standard Added Date 2/18/2010
TIOGA COUNTY LST-1158 10/1/1960 10/31/1960 Standard Added Date 2/18/2010
TJISADANE 1931 1/1/1946 1/31/1946 Standard Added Date 2/18/2010
TOSARI 1919 3/1/1944 10/1/1944 Standard Added Date Range 2/18/2010
TULLAHOMA 1944 9/1/1946 9/30/1946 Standard Added Date 2/18/2010
UNADILLA ATA-182 10/1/1954 10/31/1954 Standard Added Ship and Date 2/18/2010
W.B. AYER 1943 10/1/1944 10/31/1944 Standard Added Ship and Date 2/18/2010
WALTER C. WANN DE-412 1/1/1946 1/31/1946 Standard Added Ship and Date 2/18/2010
WEXFORD COUNTY LST-1168 6/1/1959 9/1/1959 Standard Added Date Range 2/18/2010
WILLIAMS DE-372 11/1/1945 11/30/1945 Standard Added Ship and Date 2/18/2010
WINSLOW HOMER 1942 6/1/1945 6/30/1945 Standard Added Ship and Date 2/18/2010
WM SCOTT 2/1/1945 2/28/1945 Standard Added Ship and Date 2/18/2010
WOLVERINE STATE 1945 1/1/1954 1/31/1954 Standard Added Date 2/18/2010
YD-156 10/1/1956 12/1/1956 Standard Added Ship and Date Range 2/18/2010