WR Grace Approaches Final Lap In Marathon Ch. 11

Law360, New York (January 31, 2011, 7:10 PM EST) -- A bankruptcy judge on Monday approved W.R. Grace & Co.'s restructuring plan, putting emergence from Chapter 11 within the industrial materials producer’s grasp after nearly a decade under court protection.

Judge Judith K. Fitzgerald issued a ruling in the U.S. Bankruptcy Court for the District of Delaware confirming the plan following hearings that spanned almost five months.

Although such a measure is not ordinarily required in bankruptcy cases, W.R. Grace will also need the U.S. District Court for the District of Delaware to approve the plan...
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