$3
Asbestos Claims Settlement
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Case Details
W.R. Grace & Co. reaches an agreement with asbestos claimants to create a trust fund to pay current and future asbestos claims.
Additional Notes
Payments from Grace totaling $1.8 billion over 15 years, plus warrants and earlier settlements totaling $1.2 billion, and rights to $917 million in liability insurance. Agreement in principle announced.