W.R. Grace & Co: Dealing with Asbestos Torts
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| Title: | W.R. Grace & Co: Dealing with Asbestos Torts |
|---|---|
| Description: | A manufacturer of building products and specialty chemicals, W. R. Grace & Co. filed for Chapter 11 bankruptcy in 2001 in response to a flood of lawsuits alleging that its products contained asbestos, and had caused hundreds of thousands of people to contract asbestos-related diseases such as mesothelioma and lung cancer. Nine years later, Grace is poised to emerge from bankruptcy with a plan of reorganization that provides for the establishment of two special purpose trusts through which all current and future asbestos claims will be channeled, allowing the company to survive as an ongoing business. However, the company and asbestos claimholders'committees materially disagree over the size of the company's liability for asbestos, and have hired experts to value the liability. Grace's expert argues the liability is worth between $83 million and $173 million, while the plaintiff's expert argues the liability could be as high as $6.2 billion. |
| Authors: | Sarah L. Abbott, Stuart C. Gilson |
| Resource Type: | eBook. |
| Categories: | BUSINESS & ECONOMICS / General |
| Database: | eBook Collection (EBSCOhost) |
| FullText | Links: – Type: ebook-pdf Text: Availability: 0 |
|---|---|
| Header | DbId: nlebk DbLabel: eBook Collection (EBSCOhost) An: 2309156 RelevancyScore: 1044 AccessLevel: 6 PubType: eBook PubTypeId: ebook PreciseRelevancyScore: 1044.26904296875 |
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| Items | – Name: Title Label: Title Group: Ti Data: W.R. Grace & Co: Dealing with Asbestos Torts – Name: Abstract Label: Description Group: Ab Data: A manufacturer of building products and specialty chemicals, W. R. Grace & Co. filed for Chapter 11 bankruptcy in 2001 in response to a flood of lawsuits alleging that its products contained asbestos, and had caused hundreds of thousands of people to contract asbestos-related diseases such as mesothelioma and lung cancer. Nine years later, Grace is poised to emerge from bankruptcy with a plan of reorganization that provides for the establishment of two special purpose trusts through which all current and future asbestos claims will be channeled, allowing the company to survive as an ongoing business. However, the company and asbestos claimholders'committees materially disagree over the size of the company's liability for asbestos, and have hired experts to value the liability. Grace's expert argues the liability is worth between $83 million and $173 million, while the plaintiff's expert argues the liability could be as high as $6.2 billion. – Name: Author Label: Authors Group: Au Data: <searchLink fieldCode="AR" term="%22Sarah+L%2E+Abbott%22">Sarah L. Abbott</searchLink><br /><searchLink fieldCode="AR" term="%22Stuart+C%2E+Gilson%22">Stuart C. Gilson</searchLink> – Name: TypePub Label: Resource Type Group: TypPub Data: eBook. – Name: SubjectBISAC Label: Categories Group: Su Data: <searchLink fieldCode="ZK" term="%22BUSINESS+%26+ECONOMICS+%2F+General%22">BUSINESS & ECONOMICS / General</searchLink> |
| PLink | https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=nlebk&AN=2309156 |
| RecordInfo | BibRecord: BibEntity: Languages: – Code: eng Text: English Titles: – TitleFull: W.R. Grace & Co: Dealing with Asbestos Torts Type: main BibRelationships: HasContributorRelationships: – PersonEntity: Name: NameFull: Sarah L. Abbott – PersonEntity: Name: NameFull: Stuart C. Gilson – PersonEntity: Name: NameFull: Sarah L. Abbott – PersonEntity: Name: NameFull: Stuart C. Gilson IsPartOfRelationships: – BibEntity: Dates: – D: 01 M: 01 Type: published Y: 2012 Titles: – TitleFull: W.R. Grace & Co: Dealing with Asbestos Torts Type: main |
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