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WR Grace Makes Deal to Settle Asbestos Claims

Chemical company hopes to leave bankruptcy by year's end

By Jim O'Neill,  Newser User

Posted Apr 8, 2008 1:21 PM CDT

(Newser) – Chemical company WR Grace cleared a major hurdle in its 7-year effort to emerge from bankruptcy yesterday, agreeing to pay more than $3 billion to settle asbestos-related personal injury lawsuits, reports the Baltimore Sun. The deal, which a bankruptcy judge must approve, would establish a...   Read full story »

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