Total expense for W. R. Grace & Co. and certain of its current and former employees, over an environmental crimes action in Libby, Mont., was US$24.6 million for the quarter ended March 31, 2009 and US$3 million for the quarter…
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$47.7 million at March 31, 2009 and…
A total of 415 asbestos property damage claims (following the reclassification, withdrawal or expungement of claims) remain outstanding against W. R. Grace & Co.
The plaintiffs in asbestos property damage lawsuits generally seek to have the defendants pay for the cost…
W. R. Grace & Co. is still a defendant in property damage and personal injury lawsuits relating to previously sold asbestos- containing products.
As of the April 2, 2001 bankruptcy Filing Date, the Company was a defendant in 65,656 asbestos-related lawsuits,…
A federal jury cleared W. R. Grace and Co. and three of its former executives on all charges of knowingly exposing residents of Libby, Mont., to asbestos and concealing the danger, the Chemical & Engineering News reports.
After a three-month trial…
Lawsuits involving asbestos filed against Fresenius Medical Care Holdings, Inc. (FMCH) are stayed and transferred to or are pending before the U.S. District Court as part of the W. R. Grace & Co. Chapter 11 Proceedings.
FMCH is the holding company…
The U.S. Court of Appeals, Third Circuit, upheld the ruling of the U.S. District Court for the District of Delaware, which affirmed the Bankruptcy Court’s Order disallowing 44 claimants’ asbestos property damage claims against W. R. Grace & Co.
Judges Theodore…
Defense lawyers for W. R. Grace & Co. and three former executives rested their case on May 5, 2009, following one attorney’s examination of Melvin Parker, a sickened Libby, Mont., resident, the Missoulian reports.
Mr. Parker purchased a tract of contaminated…
U.S. District Judge Donald Molloy, on April 30, 2009, dismissed charges against former W. R. Grace & Co. executive William McCaig in the environmental crimes trial faced by the Company and several former executives, The Salt Lake Tribune reports.
Assistant U.S.…
CNA Financial Corporation says that a confirmation hearing on W. R. Grace & Co.’s Plan of Reorganization is currently scheduled to begin in June 2009.
On March 22, 2002, a direct action was filed in Montana by eight individual plaintiffs (all…