Pepco Holdings, Inc., as of Dec. 31, 2008, faced about 180 asbestos-related lawsuits in the State Courts of Maryland, according to the Company’s annual report filed with the Securities and Exchange Commission on March 2, 2009.
Of those cases, about 90…
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…
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,…
The mid-Atlantic office of the U.S. Environmental Protection Agency, on March 12, 2009, announced that the owners of the school buildings for the Grace Cooperative Nursery in Aberdeen, Md., and the Maryland School for the Blind in Baltimore, have settled…
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…