Chemical Co. Settles Lawsuit for $1.8 Billion

US Legal News

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.

Related listings

  • Eyes on Supreme Court in Execution Case Tuesday

    Eyes on Supreme Court in Execution Case Tuesday

    US Legal News 04/08/2008

    By 6 p.m. Tuesday, when a Mississippi inmate is scheduled to die by lethal injection, the Supreme Court may give the clearest indication so far of whether it intends to call a halt to all such executions while a case from Kentucky that the justices a...

  • Lawyers seek to bar statements obtained by torture

    Lawyers seek to bar statements obtained by torture

    US Legal News 04/07/2008

    Lawyers for Guantanamo Bay detainee Salim Ahmed Hamdanon Friday asked a military tribunal to bar the use of statements made by Hamdan that were allegedly obtained through the use of torture and requested that the court declare that Hamdan has been su...

  • Federal court decertifies status of cigarette lawsuit

    Federal court decertifies status of cigarette lawsuit

    US Legal News 04/04/2008

    The US Court of Appeals for the Second Circuit Thursday overturned class action certification for a lawsuit brought by "light" cigarette smokers against Philip Morris USA Inc., R.J. Reynolds Tobacco Co. and other light cigarette makers. The class act...

Illinois Work Injury Lawyers – Krol, Bongiorno & Given, LTD.

Accidents in the workplace are often caused by unsafe work conditions arising from ignoring safety rules, overlooking maintenance or other negligence of those in management. While we are one of the largest firms in Illinois dedicated solely to the representation of injured workers, we pride ourselves on the personal, one-on-one approach we deliver to each client.

Work accidents can cause serious injuries and sometimes permanent damage. Some extremely serious work injuries can permanently hinder a person’s ability to get around and continue their daily duties. Factors that affect one’s quality of life such as place of work, relationships with friends and family, and social standing can all be taken away quickly by a work injury. Although, you may not be able to recover all of your losses, you may be entitled to compensation as a result of your work injury. Krol, Bongiorno & Given, LTD. provides informed advocacy in all kinds of workers’ compensation claims, including:

• Injuries to the back and neck, including severe spinal cord injuries
• Serious head injuries
• Heart problems resulting from workplace activities
• Injuries to the knees, elbows, shoulders and other joints
• Injuries caused by repetitive movements

For Illinois Workers’ Compensation claims, you will ALWAYS cheat yourself if you do not hire an experienced attorney. When you hire Krol, Bongiorno & Given, Ltd, you will have someone to guide you through the process, and when it is time to settle, we will add value to your case IN EXCESS of our fee. In the last few years, employers and insurance carriers have sought to advance the argument that when you settle a case without an attorney, your already low settlement should be further reduced by 20% so that you do not get a “windfall.” Representing yourself in Illinois is a lose-lose proposition.

Business News

Indianapolis Personal Injury Law Firm Williams & Piatt are devoted to fighting for the injured. We represent people who have been injured
Criminal Defense Lawyers in Surry County. If you are charged with a criminal offense, please consult with an attorney. >> read