ASBESTOS UPDATE: Grace Still Subject to Personal Injury Actions

W. R. Grace & Co. continues to be subject to asbestos personal injury claims that allege adverse health effects from exposure to asbestos-containing products formerly manufactured by the Company.

Cumulatively through the April 2, 2001 bankruptcy Filing Date, 16,354 asbestos personal…

ASBESTOS UPDATE: 430 Damage Claims Still Pending v. W. R. Grace

W. R. Grace & Co. says that, as of June 30, 2010, following the reclassification, withdrawal or expungement of claims, about 430 asbestos-related Property Damage Claims subject to a March 31, 2003 bar date remain outstanding.

The Bankruptcy Court has approved…

ASBESTOS UPDATE: Grace Records $50.5MM Libby Liability at June 30

W. R. Grace & Co.’s total estimated liability for asbestos remediation related to its former vermiculite operations in Libby, Mont., including the cost of remediation at vermiculite processing sites outside of Libby, was US$50.5 million at June 30, 2010 and…

ASBESTOS UPDATE: Grace Records $970MM Excess Coverage at June 30

W. R. Grace & Co. says that, as of June 30, 2010, there remains about US$970 million of excess asbestos-related coverage from 54 presently solvent insurers.

The Company estimates that eligible claims would have to exceed US$4 billion to access total…

ASBESTOS UPDATE: Grace Records $7.8MM Chapter 11, Asbestos Costs

W. R. Grace & Co. recorded net Chapter 11- and asbestos-related costs of US$7.8 million during the three months ended June 30, 2010, compared with US$23.4 million during the three months ended June 30, 2009, according to a Company report,…

ASBESTOS UPDATE: Grace, Oldon to Pay for Cleanup at Wemelco Site

W. R. Grace & Co. and Oldon Limited Partnership agreed to pay for asbestos cleanup at the 2.3-acre site and contiguous building on Wemelco Way in Easthampton, Mass., Mesothelioma reports.

Grace used the Wemelco Way site to manufacture Zonolite brand attic…

ASBESTOS UPDATE: Montana Delegation Urges EPA to Clean Up Libby

The congressional delegation of Montana seeks assurances from the U.S. Environmental Protection Agency that the U.S. Government will not abandon the asbestos-town of Libby, Mont., before cleanup is complete, the Associated Press reports.

According to health workers, at least 400 people…

ASBESTOS UPDATE: Court Upholds Commission Ruling in McGhee Case

The Missouri Court of Appeals, Southern District, Division One, upheld the ruling of the Labor and Industrial Relations Commission in a case involving asbestos styled David G. McGhee, Employee- Appellant/Respondent v. W. R. Grace & Co., Employer- Respondent/Cross-Appellant.

Judges Don E.…

ASBESTOS UPDATE: W. R. Grace Faces 430 Damage Claims at March 31

W. R. Grace & Co. says that, as of March 31, 2010, following the reclassification, withdrawal or expungement of claims, about 430 Property Damage Claims subject to a March 31, 2003 bar date remain outstanding.

The plaintiffs in asbestos property damage…

ASBESTOS UPDATE: Personal Injury Actions Ongoing v. W. R. Grace

Asbestos personal injury claimants allege adverse health effects from exposure to asbestos-containing products formerly manufactured by W. R. Grace & Co.

Cumulatively through the April 2, 2001 Bankruptcy Filing Date, 16,354 asbestos personal injury lawsuits involving about 35,720 PI Claims were…

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