Claimants Push Speedy Ch. 11 Exit For W.R. Grace

Law360, New York (July 6, 2007, 12:00 AM EDT) -- A group of people with asbestos-related personal injury and property damage claims against W.R. Grace & Co. Inc. wants a judge to accelerate the specialty chemical manufacturer's bankruptcy proceedings, arguing that they are being "held hostage" to the reorganization process.

The group—which comprises future asbestos personal injury claimants, the official committee of asbestos personal injury claimants, and the official committee of asbestos property damage claimants—said in court documents filed Friday that Grace's motion to further extend its period of exclusivity to file a reorganization plan should...
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