W.R. Grace & Co. says that, as of March 31, 2011, there remains about US$970 million of asbestos-related excess coverage from 54 presently solvent insurers.
The Company estimates that eligible claims would have to exceed US$4 billion to access total coverage.
The…
W.R. Grace & Co. says that, as of March 31, 2011, 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 settlement…
W. R. Grace & Co. recorded asbestos administration costs of US$1.1 million during the three months ended March 31, 2011, compared with US$1.6 million during the three months ended March 31, 2010.
On April 2, 2001, the Company and 61 of…
W. R. Grace & Co. recorded US$11.2 million net Chapter 11- and asbestos-related costs during the three months ended Dec. 31, 2010, compared with US$15.4 million during the three months ended Dec. 31, 2009, according to a Company press release…
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…
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…
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…
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…
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,…
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…