W.R. Grace Agrees to Settle Asbestos Claims
W.R. Grace & Co. has agreed to settle all asbestos-related personal injury claims pending against the company.
This article from the Wall Street Journal has the details.
As the article states:
"The Columbia, Md., specialty-chemical company agreed to put $250 million into a trust fund that will distribute the money among people who were injured by exposure to asbestos contamination from Grace's products. Grace also will make payments to the trust amounting to $1.55 billion from 2019 to 2034, and issue warrants for the trust fund to acquire 10 million shares of Grace's common stock for $17 each."
A press release on the settlement from the company can be found here.
This article from the Wall Street Journal has the details.
As the article states:
"The Columbia, Md., specialty-chemical company agreed to put $250 million into a trust fund that will distribute the money among people who were injured by exposure to asbestos contamination from Grace's products. Grace also will make payments to the trust amounting to $1.55 billion from 2019 to 2034, and issue warrants for the trust fund to acquire 10 million shares of Grace's common stock for $17 each."
A press release on the settlement from the company can be found here.
Labels: Asbestos
posted by David Stone | 8:44 PM
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