3rd Circ. Nixes Mont., Canada Challenges To WR Grace Reorg

Law360, New York (September 04, 2013, 4:26 PM ET) -- The Third Circuit on Wednesday shot down objections raised by the state of Montana and the Canadian government to bankrupt chemicals manufacturer W.R. Grace & Co.’s confirmed Chapter 11 plan, saying in a precedential decision that the plan sufficiently covers their asbestos liabilities claims.

A three-judge panel of the Third Circuit backed a Delaware federal court’s decision to affirm the bankruptcy court’s order overruling the objections raised by the state of Montana and the Canadian government, saying any asbestos liability claims they might have against Grace...
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