Grace Wins Battle, But Asbestos War Looms

Law360, New York (August 3, 2006, 12:00 AM EDT) -- A federal bankruptcy judge has disallowed 53 asbestos-related property damage claims against W.R. Grace & Co. Inc. But Grace still faces a slew of claims, and a criminal case.

The 53 stigma claims asserted that Grace drove down property values by contaminating a Minneapolis neighborhood with an asbestos-tainted mineral.

The property owners didn’t contend that their homes were contaminated with asbestos. Rather, they argued the stigma of living in a neighborhood where Grace distributed the contaminated vermiculite caused the value of their real estate to drop....
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