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,…
Total expense for W. R. Grace & Co. and certain of its current and former employees over a lawsuit concerning criminal activities at the Company’s former vermiculite mine in Libby, Mont., was US$29.7 million at Dec. 31, 2008, US$19 million…
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…
An asbestos-related trial involving W. R. Grace & Co. commenced on Feb. 23, 2009 in the U.S. District Court in Missoula, Mont., the Associated Press reports.
In an opening statement, prosecutor Kris McLean said that Grace “and individual executives chose profits…
Cases 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 selection process of jurors to hear the Libby, Mont., asbestos criminal trial against W. R. Grace & Co. is ongoing, Montana’s News Station reports.
The three-month hearing is set to start in February 2009.
Grace and several other defendants are facing…