ASBESTOS LITIGATION: W. R. Grace’s Libby Liability Totals $48.4M
March 20, 2009
W. R. Grace & Co.’s total estimated liability for asbestos remediation over its former vermiculite operations in Libby, Mont., was US$48.4 million, excluding interest at Dec. 31, 2008, compared with US$296.9 million, excluding interest, at Dec. 31, 2007.
The estimated obligation…