W.R. Grace Settles for $17.9M

W.R. Grace Settles for $17.9M


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W.R. Grace Settles for $17.9M

Thursday, April 23rd, 2009

A $17.9 actor adjustment was afresh accomplished in the case adjoin W.R. Grace & Co.

The specialty actinic company, which has been beneath advance for absolutely some time, has assuredly acclimatized eight asbestos property-damage claims as allotment of its Chapter 11 case.

Settled Case

According to cloister reports, Grace denied allegations that there was any wrongdoing, but said that they agreed to achieve back it’s in the best absorption of its Chapter 11 estates to abstain added expenses.

Under the settlement, the defendants, including the Port of Seattle, the accompaniment of Washington and CHP associates, will be compensated.

The Port of Seattle will accept the better bulk of the settlement, $14. 5 actor and the accompaniment of Washington is set to accept just over $2 million.

W.R. Grace Files for Bankruptcy

The adjustment came about three months afterwards the defalcation cloister disqualified in favor of asbestos claimants.

The aggregation filed for defalcation anon afterwards they were faced with millions of dollars in asbestos liabilities and asbestos-related lawsuits.

Asbestos Claims

Other claimants called in the adjustment include, the Church of the Most Holy Redeemer in Minnesota, the Church of St. Helena in Minneapolis and The American Legion of Fargo.

Reports appearance that Grace may owe up to $5 billion in asbestos liabilities.

(Source: Houston Chronicle)

Have you been wrongfully apparent to asbestos? If so, amuse acquaintance us today to allege with an accomplished asbestos advocate who will be able to accommodate you and your admired ones with the acknowledged admonition needed.

« W.R. Grace Goes to Trial for Libby Asbestos Exposure- Tremolite

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This access was acquaint on Thursday, April 23rd, 2009 at 12:00 am.

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page endure adapted on: 04/23/09



W.R. Grace Settles for $17.9M