Homeowner Class OK'd In WR Grace Asbestos Suit

Law360, New York (January 20, 2009, 12:00 AM EST) -- A bankruptcy judge has preliminarily approved a class of some 16,000 homeowners who sued W.R. Grace & Co. over exposure to asbestos fibers in the bankrupt home materials maker's Zonolite attic insulation.

Judge Judith K. Fitzgerald ruled Friday in the U.S. Bankruptcy Court for the District of Delaware that the proposed settlement, reached in November, is reasonable and should be submitted to class members for comment.

A final approval hearing on the matter is set for April 1.

According to information provided by attorneys for the...
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