Asbestos Claims
Rewritten Article
Asbestos Claims
Thursday, April 23rd, 2009
W.R. Grace & Co. makes about-face plan for asbestos claims
November 16, 2004
W.R. Grace & Co. filed a about-face plan in its Chapter 11 defalcation case, which includes a angle to authorize a assurance for the asbestos claims adjoin the manufacturer. The about-face plan is Grace’s angle for how to achieve the asbestos and added Chapter 11 accompanying claims back filing for defalcation aegis in April 2001 afterwards acceptable beat by asbestos lawsuits.
Grace said in a account absolution it is proposing a best accumulated transaction for all asbestos accompanying liabilities and accompanying costs of $1.6 billion. The asbestos assurance would awning all awaiting and approaching asbestos accompanying claims, including claimed abrasion and acreage accident claims, in accession to authoritative costs and acknowledged expenses. For asbestos claimed abrasion claims, the advantage of either litigating their claims adjoin the assurance or accepting settlements if affair the accommodation belief would be given. The asbestos acreage accident claimants would be appropriate to appeal their asbestos claims through the trust.
Grace has requested a December 20 audition to adjudge its acknowledgment statement, which have to be accustomed by the cloister afore votes on the plan can be solicited.
Contact us for added advice on asbestos claims.
More Asbestos Law News….
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Asbestos Claims
Thursday, April 23rd, 2009
W.R. Grace & Co. makes about-face plan for asbestos claims
November 16, 2004
W.R. Grace & Co. filed a about-face plan in its Chapter 11 defalcation case, which includes a angle to authorize a assurance for the asbestos claims adjoin the manufacturer. The about-face plan is Grace’s angle for how to achieve the asbestos and added Chapter 11 accompanying claims back filing for defalcation aegis in April 2001 afterwards acceptable beat by asbestos lawsuits.
Grace said in a account absolution it is proposing a best accumulated transaction for all asbestos accompanying liabilities and accompanying costs of $1.6 billion. The asbestos assurance would awning all awaiting and approaching asbestos accompanying claims, including claimed abrasion and acreage accident claims, in accession to authoritative costs and acknowledged expenses. For asbestos claimed abrasion claims, the advantage of either litigating their claims adjoin the assurance or accepting settlements if affair the accommodation belief would be given. The asbestos acreage accident claimants would be appropriate to appeal their asbestos claims through the trust.
Grace has requested a December 20 audition to adjudge its acknowledgment statement, which have to be accustomed by the cloister afore votes on the plan can be solicited.
Contact us for added advice on asbestos claims.
More Asbestos Law News….
top of page
В« W.R. Grace Goes to Trial for Libby Asbestos Exposure- Tremolite
Predicting Mesothelioma Survival Times with Gene Analysis В»
Asbestos Claims
