W.R. Grace Gets Approval For $250 Million Payment To Qualified Settlement Fund

W.R. Grace Gets Approval For $250 Million Payment To Qualified Settlement Fund

WILMINGTON, Del. - As part of its preparations to emerge from Chapter 11 protection in 2014 and to receive a tax break for 2013, W.R. Grace & Co. received authorization Dec. 17 from a Delaware federal bankruptcy judge to contribute up to $250 million to a qualified settlement fund for eventual distribution to an asbestos personal injury trust (In re: W.R. Grace & Co., et al., No. 01-01139, D. Del. Bkcy.).

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