W.R. Grace, Feds Strike Deal Over Cleanup

Law360, New York (March 17, 2008, 12:00 AM EDT) -- Bankrupt W.R. Grace & Co. has struck a deal with the U.S. government that would split the costs of cleaning up hazardous substances that contaminated a site near Baltimore.

The government notified the U.S. Bankruptcy Court for the District of Delaware on Monday of the settlement to resolve its claim. The government had wanted the specialty chemicals firm to pay $102 million for cleaning up W.R. Grace’s Curtis Bay site, where monazite sand was processed in the 1950s under a contract with the U.S. Atomic Energy...
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