W.R. Grace Settles Some Asbestos Claims For $18M

Law360, New York (October 23, 2007, 12:00 AM EDT) -- Moving forward in its Chapter 11 case, beleaguered chemical manufacturer W.R. Grace & Co. is set to hand over nearly $18 million in asbestos property damage settlements to eight creditors.

In a flurry of motions filed Monday in the U.S. Bankruptcy Court for the District of Delaware, the company asked the court to sign off on eight settlements totaling $17.9 million. The deals are set to be reviewed at a hearing on Nov. 26, according to court documents.

Grace said it agreed to the settlements because...
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