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W.R. Grace moves closer to bankruptcy exit

6:04 AM MST | December 6, 2013

W.R. Grace announced last week 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 the 4 December deadline. Another appeal, related to the amount of interest to be paid on Grace’s prebankruptcy bank debt, is still pending before the US Third Circuit Court of Appeals. The company expects to emerge from Chapter 11 bankruptcy sometime after the Third Circuit rules on that appeal. Grace has been in Chapter 11 protection since April 2001, and filed its plan of...

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