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Chemical Week Magazine :: Business & Finance :: United States/Americas

After 12 years, W.R. Grace sees bankruptcy exit by end of January

4:52 PM MST | December 16, 2013 | —Vincent Valk

W.R. Grace says the company is targeting an exit from Chatper 11 bankruptcy on or about 31 January 2014, general counsel Mark Shelnitz told investors during a conference call at the beginning of December. WR Grace filed for Chapter 11 protection in April 2001 in response to a rising number of asbestos-related lawsuits. The exact date of emergence depends upon when the US Third Circuit Court of Appeals rules on the final remaining appeal to the company’s reorganization plan. The appeal relates to the amount of interest to be paid on Grace’s...

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