ASBESTOS UPDATE: Grace Still Subject to Personal Injury Actions

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…

ASBESTOS UPDATE: 430 Damage Claims Still Pending v. W. R. Grace

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…

ASBESTOS UPDATE: Grace Records $50.5MM Libby Liability at June 30

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…

ASBESTOS UPDATE: Grace Records $970MM Excess Coverage at June 30

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…

ASBESTOS UPDATE: Atkins Action v. 20 Firms Filed Aug. 9 in Texas

Jack Atkins on Aug. 9, 2010, filed an asbestos-related lawsuit against 20 defendant corporations in Jefferson County District Court, Tex., The Southeast Texas Record reports.

Mr. Atkins claims he developed an asbestos-related disease different from the other non-malignant asbestos-related disease for…

ASBESTOS UPDATE: Wilkinson Case v. 9 Firms Filed in Kanawha Co.

An asbestos case styled Carolyn Sue Wilkinson and Richard Wilkinson vs. A.W. Chesterton Company, Certainteed Corporation, FMC Corporation et al was filed on July 28, 2010 in Kanawha County Circuit Court, W.Va., The West Virginia Record reports.

The Wilkinsons claim the…

ASBESTOS UPDATE: Caterpillar Involved in Unresolved Actions

Caterpillar Inc. continues to face unresolved legal actions involving disputes on product design, manufacture and performance liability (including claimed asbestos and welding fumes exposure), contracts, employment issues, environmental matters or intellectual property rights.

No other asbestos-related matters were disclosed in the…

ASBESTOS UPDATE: Grace Records $7.8MM Chapter 11, Asbestos Costs

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,…

ASBESTOS UPDATE: Grace, Oldon to Pay for Cleanup at Wemelco Site

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…

ASBESTOS UPDATE: Montana Delegation Urges EPA to Clean Up Libby

The congressional delegation of Montana seeks assurances from the U.S. Environmental Protection Agency that the U.S. Government will not abandon the asbestos-town of Libby, Mont., before cleanup is complete, the Associated Press reports.

According to health workers, at least 400 people…

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