WR Grace To Pay $2M For Texas Asbestos Cleanup

Law360, New York (April 17, 2012, 3:58 PM EDT) -- W.R. Grace & Co. told a Delaware bankruptcy court last Tuesday it had reached a $2.2 million settlement with the U.S. for the costs of cleaning up its asbestos-contaminated former facility in Texas, resolving the government's environmental claim against the company in its bankruptcy proceedings.

If U.S. Bankruptcy Judge Judith K. Fitzgerald approves the settlement agreement ending the Comprehensive Environmental Response, Compensation and Liability Act claim, the U.S. will be granted a general unsecured claim of $2.2 million.

The bankrupt chemical company entered into a multisite...
To view the full article, register now.




Case Information

Case Title

W.R. Grace & Co., et al.

Case Number




Nature of Suit

Date Filed

April 2, 2001

Law Firms


Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.