W.R. Grace Says Claim Over Damaged Timberland Filed 7 Years Too Late

Mealey's (April 26, 2016, 2:58 PM EDT) -- WILMINGTON, Del. — A timber company’s claim that its land was contaminated with asbestos from W.R. Grace & Co.’s mining operations near Libby, Mont., is discharged and enjoined by W.R. Grace’s confirmed Chapter 11 reorganization plan because the claim was filed too late, even though the timber company had ample knowledge about the possible damage to the land, W.R. Grace says in an April 21 motion in Delaware federal bankruptcy court (In re: W.R. Grace & Co., et al., No. 01-01139, D. Del. Bkcy.).

(Motion available....
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