W.R. Grace Asbestos Trust To Receive $900,000 From Deal With Insurer

W.R. Grace Asbestos Trust To Receive $900,000 From Deal With Insurer

WILMINGTON, Del. - A federal bankruptcy judge in Delaware on April 17 approved a settlement agreement between Chapter 11 debtor W.R. Grace & Co. and one of its insurers that will provide more than $900,000 to the debtor's asbestos personal injury trust in one lump-sum payment rather than in installments (In re: W.R. Grace & Co., et al., No. 01-01139, D. Del. Bkcy.).

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