W.R. Grace Argues For Continued Exclusivity

Law360, New York (July 19, 2007, 12:00 AM EDT) -- Bankrupt chemical manufacturer W.R. Grace and Co. has sought an extension of its exclusivity period, saying it has made progress in negotiating asbestos personal-injury and property-damage claims on an individual basis.

Grace filed a brief Monday arguing for its tenth motion to extend the exclusivity period, which would push Grace's deadline for filing a reorganization plan from July 23 into at least March 2008. In it, Grace rebuffed claims that its negotiations had been largely fruitless and that an extension of exclusivity was unjustified. It also...
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