Chemical Co. Settles Lawsuit for $1.8 Billion
Legal Topics | 2008/04/09 15:43
W.R.Grace, a specialty chemical company that operated plants inMassachusetts and Montana, agreed to a settlement yesterday forasbestos claims brought against the company in a class action lawsuit.

More than 100,000 claims have been brought against W.R.Grace by individuals who claimed to have been injured by exposure toasbestos. Pending approval by U.S. Bankruptcy Judge Judith Fitzgerald,the settlement would allow W.R. Grace to make steps towards moving outof bankruptcy, which the company filed for in 2001, and startcompensating the plaintiffs in the lawsuit.

If the settlement is allowed, the company would immediately deposit$250 million into a trust for victims. Starting in 2019, the companywould contribute an additional $110 million to the trust for fivesuccessive years followed by ten annual payments of $100 million. Theagreement would also make public 10 million shares of W.R. Grace stockthat plaintiffs would be able to purchase for $17 a share for up to oneyear after the company’s reorganization.



[PREV] [1] ..[2601][2602][2603][2604][2605][2606][2607][2608][2609].. [2684] [NEXT]
All
Headline Legal News
Legal Topics
Legal Business
Attorney News
Court News
Court Watch
Areas of Focus
Legal Interview
Opinions
Federal horserace authority rules..
Probation for woman who wiped up ..
Family loses Supreme Court bid to..
Massachusetts governor signs bill..
Louisiana Supreme Court’s chief ..
2 new Family Court judges appoint..
Abortion clinic goes before judge..
Court reinstates ban on lobster g..
Wisconsin Supreme Court disallows..
Court denies request for emergenc..
States brace for fight over gun l..
Construction to begin on roadway,..
Supreme Court rules against Navaj..
Wisconsin Supreme Court says COVI..
Man denies kidnapping charge in a..
German federal court mulls bid to..
Pakistani court orders probe into..
Kansas Supreme Court upholds Repu..
Man denies killing mother at sea ..
Abortion rights protesters rally ..




St. Louis Missouri Criminal Defense Lawyer
St. Charles DUI Attorney
www.lynchlawonline.com
Chicago Truck Drivers Lawyer
Chicago Workers' Comp Attorneys
www.krol-law.com
Raleigh, NC Business Lawyer
www.rothlawgroup.com
Bar Association Website Design
Bar Association Member Management
www.lawpromo.com
San Bernardino County DUI Lawyers
San Bernardino Criminal Defense Lawyers
www.bullardpowell.com
Indianapolis, IN Personal Injury Law Firm
Indian Personal Injury Attorneys
www.williamspiatt.com
New York Dental Malpractice Attorney
DUI Lawyer
dentalmalpracticenewyork.com
Raleigh, NC Business Lawyer
www.rothlawgroup.com
San Francisco Trademark Lawyer
San Francisco Copyright Lawyer
www.onulawfirm.com
Lorain Elyria Divorce Lawyer
www.loraindivorceattorney.com
Web Design For Korean American Lawyers
Korean American Lawyer Website Design
romeoproduction.com
Connecticut Special Education Lawyer
www.fortelawgroup.com
Family Lawyer Rockville Maryland
Rockville Divorce lawyer
familylawyersmd.com
   Legal Resource
Headline Legal News for You to Reach America's Best Legal Professionals. The latest legal news and information - Law Firm, Lawyer and Legal Professional news in the Media.
 
 
 
Copyright © ClickTheLaw.com. All Rights Reserved. Legal Marketing Blog. The content contained on the web site has been prepared by Click The Law. as a service to the internet community and is not intended to constitute legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. By using the www.clickthelaw.com you agree to be bound by these Terms & Conditions.

Affordable law firm website design by Law Promo