New W.R. Grace Plan Appeases Asbestos Claimants

Law360, New York (September 22, 2008, 12:00 AM EDT) -- Mining company W.R. Grace & Co. has filed a joint plan of reorganization and disclosure statement that it says achieves a fair resolution of the asbestos-related claims that pushed the company to seek Chapter 11 bankruptcy protection over seven years ago.

The terms of the plan and disclosure statement, filed Friday in the U.S. Bankruptcy Court for the District of Delaware, are consistent with the previously announced $1.8 billion asbestos personal injury settlement and are supported by the official committee of asbestos personal injury claimants, the...
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