(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 trust fund to settle current and future lawsuits. "In the final analysis, nothing will really compensate for people who lose their husbands or wives," said a lawyer for the claimants.
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