Zonolite Claimants Seek Approval Of WR Grace Deal

Law360, New York (December 16, 2008, 12:00 AM EST) -- A proposed class of more than 16,000 homeowners who may have been exposed to asbestos fibers in W.R. Grace & Co.’s Zonolite Attic Insulation product has asked a bankruptcy court to grant preliminary approval of a settlement with the bankrupt materials company.

In a motion and accompanying memorandum filed Monday in the U.S. Bankruptcy Court for the District of Delaware, the ZAI claimants asked the court to enter an order to preliminarily approve a $60 million class settlement with the Columbia, Md.-based mining, chemical and specialty...
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