Expenses related to W. R. Grace & Co.’s Chapter 11 proceedings, net of filing entity interest income, were US$10 million in the first quarter of 2009, compared with US$18.4 million in the prior year quarter, according to a Company report,…
Prosecutors in an asbestos and environmental lawsuit against W.R. Grace & Co. and certain of its former executives called their final witness on April 20, 2009, the Associated Press reports.
However, they will not rest their case until a federal judge…
Randy Geiger, a former environmental engineer for W. R. Grace & Co., on April 13, 2009, testified in the Company’s environmental crimes trial in Missoula, Mont., The Salt Lake Tribune reports.
Mr. Geiger says he collected asbestos-tainted air samples at Libby,…
Sealed Air Corporation continues to be a party to W. R. Grace & Co.’s asbestos-related lawsuits in Canadian courts.
In November 2004, the Company’s Canadian subsidiary Sealed Air (Canada) Co./Cie learned that it had been named a defendant in the case…
In his testimony, Robert Locke, a former W. R. Grace & Co. employee, said he warned supervisors of asbestos hazards in 1976, when studies showed consumer products were releasing high concentrations of asbestos, The Associated Press reports.
Mr. Locke was fired…
Sealed Air Corporation is still involved in the bankruptcy proceedings of W. R. Grace & Co.
On Nov. 27, 2002, the Company reached an agreement in principle with the Official Committee of Asbestos Personal Injury Claimants (ACC) and the Official Committee…
The U.S. District Court for the District of New Jersey, in December 2008, ordered a lawsuit against W. R. Grace & Co. stayed and administratively terminated.
To the extent this lawsuit proceeds against the two former Grace employees, the Company may…
Following the reclassification, withdrawal or expungement of claims, W. R. Grace & Co., as of Dec. 31, 2008, said that about 465 asbestos-related Property Damage Claims, subject to a March 31, 2003 bar date, remain outstanding.
The Bankruptcy Court has approved…
W. R. Grace & Co. says that, as of Dec. 31, 2008, there remains about US$916 million of asbestos-related excess coverage from 53 presently solvent insurers.
The Company holds insurance policies that provide coverage for 1962 to 1985 with respect to…
W. R. Grace & Co. and its debtor subsidiaries, on Feb. 27, 2009, filed a proposed amended joint plan of reorganization, a proposed disclosure statement in support of the Joint Plan and certain proforma and prospective financial information with the…