$250M Settlement Reached in W.R. Grace Case

$250M Settlement Reached in W.R. Grace Case


Rewritten Article

$250M Adjustment Reached in W.R. Grace Case

Thursday, April 23rd, 2009

Earlier this week, a adjustment was appear over the asbestos problems that accept been afflictive Libby, Montana for years.

W.R. Grace, which is a all-around actinic aggregation that was affected to book for defalcation in 2001 due to mesothelioma settlements, has reportedly agreed to pay the government $250 million.

Settlement Makes History

According to the Department of Justice, the adjustment is the accomplished in the Superfund programs history.

The money from the adjustment is allegedly traveling to balance the government for the costs of the analysis and the cleanup of the asbestos that has attenuated the mines in Libby.

Asbestos Contaminates Community

The DOJ has reportedly been removing clay that has been attenuated with asbestos in Libby back 2000.

In 2001, the federal government filed a clothing adjoin W.R. Grace to awning cleanup costs beneath the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA).

In 2003, the commune cloister of Montana awarded the EPA added than $54 actor for the cleanup costs they endured in that year.

Since the aggregation went bankrupt, those costs were never paid and as a aftereffect this week’s adjustment will awning that as able-bodied as the approaching cleanup costs of the attenuated schools, homes and businesses in the town.

(Source: OHS Online)

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$250M Settlement Reached in W.R. Grace Case