Lenders, Others Appeal WR Grace Reorganization Plan

Law360, New York (November 30, 2012, 5:13 PM EST) -- Three different entities with interests in W.R. Grace & Co.’s decadelong asbestos-related Chapter 11 proceeding brought their objections over Grace’s final plan of reorganization to the Third Circuit on Thursday, arguing that the way their various claims are dealt with is flawed.

Garlock Sealing Technologies LLC, Her Majesty the Queen in right of Canada and a coalition of lenders urged the appeals court either to reverse confirmation of the plan or modify it, according to their opening briefs.

The lenders, called the Bank Lender Group, which...
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