IHS Chemical Week

People & Business :: Companies

Grace moves closer to bankruptcy exit

10:10 AM MST | December 5, 2013 | Vincent Valk

W.R. Grace has announced that “none of the four parties with-asbestos related appeals to Grace’s plan of reorganization filed further appeals with the US Supreme Court” before yesterday's deadline. Another appeal, related to the amount of interest to be paid on Grace’s pre-bankruptcy bank debt, is still pending before the US Third Circuit Court of Appeals. The company expects its emergence from Chapter 11 bankruptcy to occur sometime after the Third Circuit rules on that appeal. Grace "only knows the Third Circuit ruling could come at...

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