Court Denies N.J.'s Late Claim Against W.R. Grace

Law360, New York (March 13, 2008, 12:00 AM EDT) -- A federal district court has ruled against New Jersey environmental regulators in their wrangling with W.R. Grace & Co. over asbestos liabilities, upholding a bankruptcy court's earlier ruling that denied the state's claims.

The U.S. District Court for the District of Delaware rejected the bid by New Jersey's Department of Environmental Protection to file a late proof of claim against the chemical manufacturer, ruling Tuesday that the state had missed its chance.

“After reviewing the entire record and all relevant circumstances, the court finds that the...
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